Eduardo and Hector Orlansky, the top officers of E.S. Bankest, each face up
to a maximum of 30 years in prison and substantial restitution for conspiring to defraud Espirito Santo Bank of Florida of some $170 million. The Orlanskys and E.S. Bankest manager R. Peter Stanham were taken into federal custody following the verdict Wednesday. The government argued they were potential flight risks because of their ties to other countries. The Orlanskys are from Argentina. Ariadna Puerto, another E.S. Bankest officer, was given home detention. U.S. District Judge Adalberto Jordan set sentencing for Nov. 17. Eduardo Orlansky stared straight ahead and showed no emotion as the jury foreman read the verdict before a packed courtroom. Hector Orlansky shook his head as the guilty counts against his brother were recited. Puerto cried as the counts against her were read. Stanham also teared up as he said his goodbyes to family members before being taken into custody.
Thursday, August 17, 2006
After almost a half a year in trial and 4 weeks of deliberations, the Bankest jury returned guilty verdicts against all defendants, who were taken into custody after the verdicts were read. Now the question is whether the Orlanskys will be punished more harshly for exercising their right to trial. This particular bank fraud trial has been dubbed the biggest in Miami's history. Here's the intro to the Herald article: