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Billionaire banker hit with legal fee lawsuit stemming from criminal case
Billionaire banker hit with legal fee lawsuit stemming from criminal case

Reuters

time6 days ago

  • Business
  • Reuters

Billionaire banker hit with legal fee lawsuit stemming from criminal case

July 24 (Reuters) - Venezuelan-Italian bank founder Julio Martin Herrera-Velutini is facing a lawsuit claiming he owes nearly $500,000 in legal fees to the attorneys who once represented him in a criminal case that originally included charges of bribery. U.S. law firm Kasowitz LLP sued, opens new tab Herrera, the billionaire founder of Britannia Financial Group, on Wednesday in Manhattan federal court. The firm alleged Herrera has failed to pay $493,332.31 in fees. A spokesperson for the Kasowitz firm did not immediately respond to a request for comment. A spokesperson for Herrera said, "We are confident that this matter will be quickly resolved in Mr. Herrera's favor." Herrera was indicted in August 2022 for allegedly paying $300,000 to political consultants supporting Puerto Rico Governor Wanda Vazquez during her 2020 election campaign. Prosecutors said Herrera made the payments in an attempt to end an investigation into his bank, Bancredito, by the island's regulatory authority. After Vazquez lost her primary election in 2020, Herrera attempted to bribe her successor, named in the indictment only as "Public Official A," the prosecutors said. Herrera, Vazquez and another defendant initially pleaded not guilty to charges of bribery, conspiracy and wire fraud. But in June, the government and the defendants, including Herrera, said they reached a deal, opens new tab to resolve the case — Herrera and the others will plead guilty to a misdemeanor charge for violating the Federal Electoral Campaign Act (FECA), opens new tab. Meanwhile, the 2022 indictment, which contained the bribery, conspiracy and wire fraud charges, will be dismissed, the parties said in June. Herrera is scheduled to plead guilty on August 27 to the FECA charge before U.S. District Judge Silvia Carreno-Coll in San Juan, Puerto Rico. The Kasowitz firm said in a May 2024 filing, opens new tab it was withdrawing from Herrera's legal team, but did not say why. Herrera's current legal team includes Alex Spiro, a top partner at Quinn Emanuel Urquhart & Sullivan whose clients have included billionaire Tesla CEO Elon Musk, and former Trump defense attorney Christopher Kise. Spiro filed an appearance in the FECA case earlier this month. Reuters reported in June that Kise tried to convince the Justice Department to dismiss or reduce the charges against Herrera, as the department undertakes a broader review of civil and criminal cases launched under Trump's Democratic predecessor, Joe Biden.

Kylian Mbappe cuts holiday short to make touching gesture for departing Real Madrid star Lucas Vazquez
Kylian Mbappe cuts holiday short to make touching gesture for departing Real Madrid star Lucas Vazquez

Yahoo

time17-07-2025

  • Sport
  • Yahoo

Kylian Mbappe cuts holiday short to make touching gesture for departing Real Madrid star Lucas Vazquez

Madrid hosted farewell ceremony for Vazquez 34-year-old leaves after 18 years at the club Mbappe attended ceremony after cutting holiday short Follow GOAL on WhatsApp! 🟢📱 WHAT HAPPENED? Real Madrid organised an institutional farewell ceremony within the Valdebebas premises for Vazquez, with the long-serving warrior departing the club after spending 10 years in the first-team and lifting 23 titles. In a touching gesture, Mbappe, along with goalkeeper Andriy Lunin, cut short their vacations to attend the ceremony for one of their ex-captains. Even Marcelo, who shared the dressing room with Vazquez for seven seasons, was present at the event. THE BIGGER PICTURE Vazquez first joined Madrid as a 16-year-old in 2007 and rose rapidly through the youth ranks. He got his first taste of top-flight football in the 2014-15 season, when he was loaned out to Espanyol in La Liga. The following season, he earned a promotion to the first team, and became one of the most important squad players, often sacrificing himself out of team's best interests. He earned the privilege of the wearing the captain's armband on numerous occasions WHAT LUCAS VAZQUEZ SAID Speaking at his farewell, Vazquez struggled to hold back his tears. He said: "This is one of the most important days of my life. Thank you for every applause and every gesture of support, you've made me feel at home. Today it's time to say bye, but I'll never say goodbye to my Real Madrid. "I've had the privilege of sharing a dressing room with legends and winning titles, but above all, I've been happy. I've felt valued, respected, and loved. To the president, Florentino Perez, thank you for allowing me to fulfill my dream. To Jose Angel Sanchez, thank you for putting your all into the negotiations. "To my parents, since becoming a father, I understand even more everything you did for me. To you, Mateo, my brother, thank you for instilling in me your love of football. Without you, I wouldn't be a footballer; I've fulfilled both of our dreams. And to you, Maca, you gave me peace of mind and support to keep believing in myself. We've laughed and cried together. You're the person who knows me best and also the one who has endured me the longest, being my best life partner. I can never thank you for everything you've done for me. "You've given me my children; you're my greatest pride. I hope that one day you'll understand what wearing this shirt meant to your father. I've fulfilled my dream. I'm leaving, but Real Madrid will always be my home. I am and always will be Lucas Vazquez, a canterano Real Madrid." WHAT NEXT FOR MBAPPE AND VAZQUEZ? Mbappe will return to pre-season duties in around two weeks time, with Madrid set to face Osasuna on August 19. Meanwhile, Vazquez is yet to decide his next destination. Rumour has it that he turned down an opportunity to rejoin Espanyol. He currently has offers from Qatar and Turkish side Fenerbahce on the table.

Real Madrid confirm Vazquez departure
Real Madrid confirm Vazquez departure

Daily Tribune

time17-07-2025

  • Sport
  • Daily Tribune

Real Madrid confirm Vazquez departure

Real Madrid defender Lucas Vazquez will leave the club, the Spanish giants confirmed yesterday. After his deal expired at the end of the season Los Blancos had agreed a short-term contract extension for the Spaniard to keep him for the Club World Cup, which they competed in this summer in the United States. 'Vazquez exemplarily represents the values of Real Madrid, which has made him one of the most beloved players by our fans,' said Madrid president Florentino Perez in a statement. '(He) symbolises the hard work, perseverance, humility, and winning spirit essential to succeed in this shirt.' Originally a winger, the 34-year-old won 23 trophies at the club including five Champions Leagues and four La Liga titles, largely as a squad player. 'I leave Real Madrid but Real Madrid will never leave me,' said Vazquez in a goodbye video. The Spaniard came through the Madrid youth system and spent his whole career at the club, with the exception of a loan to Espanyol in the 2014- 15 season, playing 402 times across all competitions for Los Blancos.

Vazquez to leave Real Madrid
Vazquez to leave Real Madrid

Qatar Tribune

time16-07-2025

  • Sport
  • Qatar Tribune

Vazquez to leave Real Madrid

PA Media/dpa London Lucas Vazquez has announced he is leaving Real Madrid. The 34-year-old right-sided player has spent almost his entire career at Real, having joined the club's academy at the age of 16. Following a loan spell with Espanyol, Vazquez made his Real debut in September 2015 and has gone on to make 402 appearances for the club over 10 seasons, winning 23 trophies, including five Champions League titles and four La Liga crowns. Vazquez's final outing came as a substitute during their 4-0 Club World Cup defeat to Paris SaintGermain earlier this month and he revealed on Wednesday he will be leaving the club. 'Dear Madristas, it's been nearly two decades since I arrived at Valdebebas as a 16-year-old full of dreams and excitement to wear this shirt,' he said in a post on Instagram. 'Every step along the way has been a gift and over time, Madrid became my home. We've lived unforgettable nights together, celebrated 23 titles and created memories that will stay with me forever. 'From the bottom of my heart thank you to the president, the board, the staff, my coaches, my team-mates and above all to the fans. You pushed me to always give that little bit more. 'Today, after more than 400 matches, it's time to say goodbye to the club of my life. But I leave with peace of mind knowing I gave it my all.' Real said farewell ceremony will be held for Vazquez on July 17. President Florentino Perez said: 'Lucas Vazquez represents in an exemplary way the values of Real Madrid, which has made him one of the most loved players by our fans. 'The figure of Lucas Vazquez symbolizes the hard work, perseverance, humility, and winning spirit that are essential for success in this shirt. 'He is a player who has the affection and recognition of all Madridistas. Real Madrid is and always will be his home.'

Lucas Vazquez to leave Real Madrid
Lucas Vazquez to leave Real Madrid

Observer

time16-07-2025

  • Sport
  • Observer

Lucas Vazquez to leave Real Madrid

LONDON: Lucas Vazquez has announced he is leaving Real Madrid. The 34-year-old right-sided player has spent almost his entire career at Real, having joined the club's academy at the age of 16. Following a loan spell with Espanyol, Vazquez made his Real debut in September 2015 and has gone on to make 402 appearances for the club over 10 seasons, winning 23 trophies, including five Champions League titles and four La Liga crowns. Vazquez's final outing came as a substitute during their 4-0 Club World Cup defeat to Paris Saint Germain earlier this month and he revealed on Wednesday he will be leaving the club. "Dear Madristas, it's been nearly two decades since I arrived at Valdebebas as a 16-year-old full of dreams and excitement to wear this shirt," he said in a post on Instagram. "Every step along the way has been a gift and over time, Madrid became my home. We've lived unforgettable nights together, celebrated23 titles and created memories that will stay with me forever. "From the bottom of my heart thank you to the president, the board,the staff, my coaches, my team-mates and above all to the fans. You pushed me to always give that little bit more. "Today, after more than 400 matches, it's time to say goodbye to the club of my life. But I leave with peace of mind knowing I gave it my all." Real said farewell ceremony will be held for Vazquez on July 17. President Florentino Perez said: "Lucas Vazquez represents in an exemplary way the values of Real Madrid, which has made him one of the most loved players by our fans. "The figure of Lucas Vazquez symbolizes the hard work, perseverance,humility, and winning spirit that are essential for success in this shirt. "He is a player who has the affection and recognition of all Madridistas. Real Madrid is and always will be his home." — dpa

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