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URITED STATES OF AMERICA
BEFORE THE BOARD
OF
GOVERNORS OF THE FEDERAL RESERVE SYSTEM
WASHINGTON,
rn the Matter of
D.C.
Docket No. 96-009-E-i
LUIS CARRIZO
An Institution-Affiliated
Party of the New York Agency of
BANCO DE LA PROVINCIA DE
BUENOS AIRES
Buenos Aires, Argentina
:
Order of Prohibition
Issued Upon Consent
Pureuant to the
Federal Deposit Insurance
Act, as Amended
WHEREAS, pursuant to sections B(e) and (i) (3) of the
Federal Deposit Insurance Act, a6 amended
(the "FDI Act"1
(12 U.S.C. 1818(e) and (i) (3)). the Board of Governors of the
Federal Reserve System
Order of Prohibition
("Carrizo")
(the "Board of Governorslt) issues this
(the "Order") againat Luis Carrizo
, a former officer and institution-affiliated
as defined in sections 3(u) and 8(b) (4) of the FDI Act
party,
(12 U.S.C.
1813(u) and 1818(b) (4)), of the New York agency of Banco de la
Provincia de Buenos Aires, Buenos Aires, Argentina, a foreign
bank, in connection with Carrizo'e q elicitation and acceptance of
bribes;
WHEREAS, on January 11, 1996, CarrizO was convicted of
three counts of bribery under section 215 of Title 18 Of the
United States Criminal Code (18 U.S.C. 215); and
2
WHEREAS, by affixing his signature hereunder, Carrizo
has consented to the issuance of this Order by the Board of
Governors and has waived any and all rights he might otherwise
have pursuant to 12 U.S.C. 1818, 12 CFR Part 263, or otherwise
(a) tc the issuance of a notice of intent to prohibit;
(b) to a
hearing for the purpose of taking evidence with respect to any
matter implied ox set forth in this Order;
(c) to obtain judicial
review of this Order or any provision hereof; and (d) to
challenge or contest in any manner the basis, issuance, validity,
terms, effectiveness
or enforceability of this Order or any
provision hereof.
NOW, THEREFORE, prior to the taking of any testimony or
adjudication
of or finding on any issue of fact or law implied or
set forth in this Order, and without this Order constituting an
admission of any ~allegation made or implied by the Board of
Governors
in connection with this proceeding,
purpose of settlement
and solely for the
of this matter without protracted or
extended proceedings:
IT IS HEREBY ORDERED, pursuant to sections R(e),
(i) (3), and
(j) of the FDI Act
(12 U.S.C. 1818(e),
(i) (3), and
(j), Lhat:
1.
Carrizo. without the prior written approval of the
Board of Governors and, where necessary pursuant
to
.
.
,-’
3
section 8(e) (7) (B) of the FDI Act
(12 U.S.C. 1818(e) (7) (B)),
another Federal financial institution regul.atory agency, is
hereby and henceforth prohibited:
(a)
From participating
in any manner in the
conduct of the affairs of any institution or agency specified in
section 8(e) (7) (A) of the FDI Act
(12 U.S.C. 1818(e) (7) (A)),
including, but not limited to, any insured depository
institution,
or any bank or aavinge association holding company or any branch
or agency of a foreign bank;
(b)
from soliciting, procuring, transferring,
attempt ing to transfer. voting or attempting to vote any proxy,
consent
or authorization
institution described
(c)
with respect to any voting rights in any
in section 8(e) (7) (A) of the FDI Act;
from violating any voting agreement previously
approved by any Federal banking agency;
(d)
or
from voting for a director, or serving or
acting as an institution-affiliated
party, such as an officer,
director or employee, of any inatitution described in
section 8(e) (7) (A) of the FDI Act.
I
4
2
Carrizo
Lo
Any v iolatioll of this Order ahall separately
approprja~e
crimiilal or civil penalties
section 8 of the EDI Act
3.
and
each and every provision
and shall remain fully erfective and enforceable
of
or both under
(12 U.S.C. 181s).
'This Ocder,
stayed, modified,
subject
hereof,
is
until expressly
terminated or suspended in writing by the Board
Goverllors
4.
All communications
regarding this Order shall be
addressed to:
5.
(a)
Mr. Christopher J. McCurdy
Senior Vice President
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
(b)
Mr. Luis Carrizo
c/o Richard B. Marx, Esq.
1221. Brick@11 Avenue
Suite 1010
Miami, Florida 33131
The provisions
of this Order shall not bar, estop
or otherwise prevent the Board of Governors or any Federal or
State agency or department
from taking any other action
affecting Carrizo; provided, however, that the Board of Governors
_
5
shall not take any further action against Carrizo based upon
information presently known by the Board relating to the
matters
addressed by this Order.
By order of the Board of Governors effective this
?sA
4_ -day
of &w?q&tc,
\
ckL,
3
,AwL
Luis Carrizo
/
I
1997.
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
0
By:
A&L!d!&=
William W. Wiles
Secretary of the Board