Thursday, July 10, 2014

FBI arrests Puerto Rico mayor accused of bribery | Puerto Rico Police Officers and Civilians Charged with Federal Crimes in Connection with July 2012 Robbery in Bayamon, Puerto Rico


» Federales Arrestan Alcalde PPD Río Grande Eduard Rivera CORRUPCIÓN
10/07/14 20:11 from Uploads by Luis Anthony
Federales Arrestan Alcalde PPD Río Grande Eduard Rivera CORRUPCIÓN El Negociado Federal de Investigaciones (FBI) arrestó esta mañana en su residencia al alcalde de Río Grande, Eduard Rivera Correa, por ...

» Mayor of Río Grande Indicted on Charges of Bribery, Extortion, and Obstruction ... - Federal Bureau of Investigation (press release)
10/07/14 18:55 from political status of puerto rico - Google News
Mayor of Río Grande Indicted on Charges of Bribery, Extortion, and Obstruction ... Federal Bureau of Investigation (press release) WASHINGTON—Today, Eduard Rivera-Correa, mayor of the municipality of Río Grande, Puerto Rico , was arreste...


» Ex US navy base has become a ghost town
10/07/14 17:33 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico latest and breaking national news and regional news from Puerto Rico. An ex US navy base in Puerto Rico is open for redevelopment ideas, it now stands a ghost town since the US military pulled ...
» Puerto Rico Makes Plans to Become Silicon Island - Baseline
10/07/14 17:31 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Baseline Puerto Rico Makes Plans to Become Silicon Island Baseline The latest entry in the high-speed Internet derby is Puerto Rico . The commonwealth, which boasts a population ...
» Puerto Rico probes millions of dollars in overtime - Yahoo News
10/07/14 17:31 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico probes millions of dollars in overtime Yahoo News SAN JUAN, Puerto Rico (AP) — Legislators in Puerto Rico have launched an investigation into the payment of millions ...
» Puerto Rico Representative Explores Bankruptcy Option - Bloomberg
10/07/14 17:27 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico Representative Explores Bankruptcy Option Bloomberg Puerto Rico's non-voting representative in the U.S. Congress is exploring changes to federal law that would allow ...
» Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule - Entrepreneur
10/07/14 17:27 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Entrepreneur Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule Entrepreneur The franchisees claim that when the company sold its stores and franchising rights in Puerto ...
» FBI arrests Puerto Rico mayor accused of bribery - Yahoo News
10/07/14 17:26 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. FBI arrests Puerto Rico mayor accused of bribery Yahoo News SAN JUAN, Puerto Rico (AP) — FBI agents have arrested a mayor in Puerto Rico on charges of bribery, extortion and obst...


Rio Grande react to the arrest of the greater

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By Agustin Criollo Oquero 07.10.2014 | 24:47
An unusual air of anticipation is seen today in the center of Rio Grande at the news of the arrest of the senior, Eduard Rivera Correa by Federal Authorities.
The compulsory subject in every corner of the town was the first arrest of the municipal executive of administrative corruption Accused.
"When the smoke there's water Brings," said Junito Baez, one of several residents of the Town Yunque commenting on the arrest.
"If it was Because the salary was raised while people this girl, that's fine," said Ernesto Laboy meanwhile, another resident.
The mood Among Un Certain groups of people was even joy at the news of the arrest.
"About time, that type does not work, is the best thing that Could Have Happened to this town," said another resident who Declined to be identified.
That was Repeated One comment from mouth to mouth for the First Time travel through the city center, was the lack of interest of Rivera Correa to address the problems faced by many communities in Rio Grande, rural especially.

Puerto Rico Police Officers and Civilians Charged with Federal Crimes in Connection with July 2012 Robbery in Bayamon, Puerto Rico

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Three Police of Puerto Rico (POPR) officers and two civilians were charged with robbery, firearms violations, drug conspiracy and civil rights violations for their involvement in a July 2012 robbery in Bayamon, Puerto Rico, and an additional POPR officer was charged with lying to federal agents.

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Rosa Emilia Rodríguez-Vélez of the District of Puerto Rico and Special Agent in ChargeCarlos Cases of the FBI’s San Juan Field Office made the announcement.

Jorge Fernandez-Aviles, 48, Fernando Reyes-Rojas, 42, and David Figueroa-Rodríguez, 32, were charged in an indictment returned yesterday in the District of Puerto Rico with one count of conspiracy to commit robbery and one count of conspiracy to commit civil rights violations; Fernandez and Reyes were also charged with one count of conspiracy to possess and distribute controlled substances and one count of firearms possession.   Alexander Mir-Hernandez, 39, was charged with one count of false statements for lying to federal agents about his role and the roles of others in the July 2012 robbery.

Pedro Lopez-Torres, 35, and Luis Ramos-Figueroa, 38, were each charged by information on June 25, 2014, for their roles in the July 2012 robbery and other crimes.   Lopez and Ramos pleaded guilty before U.S. District Judge José A. Fusté of the District of Puerto Rico on the same day.   The charges against them were unsealed today.  

At the time of the crimes charged, Jorge Fernandez-Aviles was a sergeant with POPR, Pedro Lopez-Torres, Luis Ramos-Figueroa and Alexander Mir-Hernandez were POPR officers, and Fernando Reyes-Rojas and David Figueroa-Rodríguez were civilians.  

According to court documents, Reyes asked POPR Sergeant Fernandez and Officers Lopez and Ramos to participate in a robbery of a civilian.   The officers agreed amongst themselves to participate.   They further agreed that Officer Ramos would invite his cousin, Figueroa, to join them, and Officer Lopez would contact Officer Mir to borrow a marked patrol car to facilitate the planned robbery.

On July 14, 2012, Sergeant Fernandez, Officer Lopez, Officer Ramos and Figueroa went to the airport where they picked up a marked patrol car from Officer Mir.   They drove the patrol car to meet Reyes and then went together to the location of the robbery.   Sergeant Fernandez, Officer Lopez and Officer Ramos were dressed in dark colored, tactical police gear and armed with their POPR issued handguns.   Figueroa and Reyes were also dressed in dark colored clothing, and Reyes appeared to have a handgun as well.

Upon entering the house through the garage, one or more of the officers identified themselves as police and falsely claimed they were executing a search warrant.   They ordered several individuals in the garage to stand facing the wall and searched them for weapons.   While Figueroa watched the occupants, Sergeant Fernandez, Officer Lopez, Officer Ramos and Reyes searched the property.  They ultimately went to a shed in the backyard, where Reyes found cocaine and exclaimed, “Bingo!”  At that point, they all departed in their respective vehicles.   A few days later, Reyes met with Lopez and gave him money, which Reyes explained was a portion of the proceeds from the sale of the cocaine he took on the day of the robbery.   Officer Lopez split the money with Sergeant Fernandez and Officer Ramos.

According to the indictment, Officer Mir was interviewed by Special Agents of the FBI and lied.  Officer Mir falsely claimed that he did not recognize a photograph of Officer Lopez; that he had not met with Officer Lopez in more than six months; and that he did not provide the patrol car that was used to commit the July 2012 robbery.

An indictment is merely an allegation, and a defendant is presumed innocent until proven guilty beyond a reasonable doubt.

This case is being investigated by the FBI’s San Juan Division.   The case is being prosecuted by Trial Attorneys Heidi Boutros Gesch and Marquest J. Meeks of the Criminal Division’s Public Integrity Section and Assistant U.S. Attorney Mariana Bauza of the District of Puerto Rico.
Read the whole story

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Mayor arrested for corruption Rio Grande

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Eduard Rivera Correa received money in exchange for giving contracts. Video
By Mariana Cobian, Ivelisse Rivera, Brunymarie Velázquez, Dalissa Zeda, Sandra and Javier Colon Caquías
The popular mayor of Rio Grande, Eduard Rivera Correa was arrested this morning after federal prosecutors issued an indictment for public corruption scheme that took place between February 2010 and 2012. 
The chief federal prosecutor in Puerto Rico, Rosa Emilia Rodriguez revealed at a press conference that one of the charges to extort official contractor by requiring thousands of dollars in various instances to change to continue doing business with the municipality accused Rio Grande.
Also, the mayor is accused of obstructing justice by threatening that person, identified as "Contractor A" in the indictment. According to Rodriguez, these threats were contained in recorded conversations.

Mayor arrested for corruption of Rio Grande
The popular mayor of Rio Grande, Eduard Rivera Correa, was arrested by the FBI on corruption charges.
The scheme is also involved corruption lawyer Alejandro Carrasco, who allegedly supplied legal services to several municipalities, such as Rio Grande, Juncos, Barceloneta and Manatee. A Carrasco is accused of applying payments to "Building A" repeatedly to influence business it did with other peoples.
According to prosecutors, payments of "Building A" mayor accused were more than $ 37,000 and attorney Carrasco, more than $ 183,000.
"Importantly, according to our research, there is no evidence involving the mayor of Juncos in the scheme," said Emilia Rodríguez.
"This officer betrayed the trust of the citizens of Rio Grande do not deserve a dishonest mayor," Rodriguez said. 
The mayor received funds between February 2009 and 2012, according to authorities. 
Carlos Cases, director of the FBI in Puerto Rico, a mayor lamented that with much experience have to fall into this kind of accusations. 
"Corruption at all levels in Puerto Rico is contstante despite all the research we've done," said Cases. 
Rivera Correa launched mayor of Rio Grande in 2004. This is exposed to 10 years in prison and a fine, according to Rodriguez who added that prompted the mayor is detained without bail. 
The mayor worked for 26 years in the Office of the Comptroller of Puerto Rico as audit supervisor, director of the Division of Audits of Municipalities and consortia, government officials and adviser deputy comptroller. He later served as assistant manager of the Corporation of the State Insurance Fund.
Talk PPD
The secretary general of the Popular Democratic Party (PDP), Senator Jorge Suarez said written statements by the mayor was immediately suspended from all positions occupied in the PPD.

"Faced with accusations federally released today, on instructions from the President of the Partido Popular Mayor of Rio Grande, Eduard Rivera Correa, is summarily suspended from all positions within the Democratic Party according to Article 187 of Regulation the community. " Mayor was president of the Municipal Committee of Rio Grande, a member of the Governing Board representing District Carolina and member of the General Council and the General Assembly of the PPD. Luis Suárez appointed Senator Daniel Rivera as a presidential delegate Filomeno Rio Grande, a post he held in 2002.
Surprised counterparts
The popular mayor of Isabela, Carlos Delgado Altieri said he was "shocked" by the arrest of the mayor of Rio Grande and president of the Governing Board of Revenue Collection Center Municpales (CRIM), Eduard Rivera Correa.
"I'm shocked. It's something you do not expect, "Delgado said Altieri, who acknowledged that the arrest of one of the members of his party" does not cease to be a hit in political terms because we know that the opposition will use this to make their arguments. "
Another popular mayor reacted surprised with the arrest of Rivera Correa was San Germán, Isidro Negrón. "It's something that I can not believe. I consider my friend, "he said.
"Give space to defend himself. It's something we really so surprised about. I wish you well. I hope this is a mistake, but if you have to answer some unfortunate "he said.
Similarly, the mayor of San Juan, Carmen Yulin Cruz, lamented the arrest of its counterpart. "Every time someone in the public service and arrested accused of an act of corruption have the feeling the country losing a little faith in their institutions."
"He is starting a process to the mayor Rio Grande and in this country there is a presumption of innocence until proven guilty. My hope for your family is peace and serenity at this time," he added.
Signs comptroller
In the final report for the 2008-2010 audit and published in March 2014 by the Office of the Comptroller, a budget deficit noted in operational funds and overdraft lines on Rio Grande.
Review as a finding also purchase goods and services without the quotes or proposals required; Quotes whose authenticity could not be confirmed and other processed without complying with the requirements of law; and other deficiencies related purchases.
As a third indication of the Comptroller payments of fines and interest on late remit withholdings and contributions to a state agency and the Federal Social Insurance found.
He also pointed to the lack of follow up on the recommendations contained in the reports of the Internal Audit Unit of the Municipality by the Audit Committee on Affairs of the Municipal Legislature.
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FBI arrests by state police corruption case

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By Maribel Hernández Pérez, Mariana By Cobián 07.10.2014 | 10:19 a.m.
A police officer Assigned to the Division of Highways Area This Morning Carolina was arrested by agents of the Strike Force of the Federal Bureau of Investigation (FBI), at his residence in urbanization Jardines de Country Club in Carolina, as part of an investigation related corruption to the operational "cantazo Blue", que was held on 22 May.
When police Mir Alexander Hernandez, 40, was stripped of his gun regulation and identification as police officer, confirmed the Superintendent of Police, José L. López Cauldron.
Additionally, arrested David Figueroa Rodriguez, who posed as police to commit crimes.
Mir Hernandez, faces charges of conspiracy, violation of civil rights and using a firearm to commit acts of violence.
The agent will be summarily suspended the Uniformed Lopez added Cauldron. "He was arrested by police corruption and the investigation Continues," said the official.
The officer arrested Also worked in the Division of Drug and wore Airport just four months Assigned to the Division of Highways.
In May, 16 policemen Were arrested after a federal grand jury issued an indictment of 36 charges for Violations of the Hobbs Act by extortion and theft, and charges related to the RICO statute, racketeering, conspiracy to violate civil rights and gun laws.
Today's arrests are related to the case filed against Sergeant Jorge "Aro" Fernández Avilés, Unit Stolen Vehicles Transit Division from Bayamón, who was arrested in late June.
In the motion submitted tax Marquest J. Meeks, Division of Public Integrity in Washington DC, for the hearing of bail Fernández Avilés, Indicated That this constitutes a flight risk and danger to the community, so be That He Opposed Granted bail. 've stressed That the officer abused his position and the trust Placed in him to "violate the equal rights promised to protect" to conspiring With Other officers and three Civilians cash to rob a residence and a fourth of a kilogram of cocaine, while using a gun. The accused received pay for the resale of stolen cocaine.
Meeks then Noted That although Fernández Avilés has no prior criminal history, the burden of proof is overwhelming, including two cooperating witnesses, the testimony of the victims and a recording of the talk today Accused of theft and other crimes: such as kidnapping and death taken by an undercover agent.
If Convicted, Fernández Avilés faces a sentence that Could range from five years in jail to life imprisonment.
Read the whole story

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Ex US navy base has become a ghost town 

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An ex US navy base in Puerto Rico is open for redevelopment ideas, it now stands a ghost town since the US military pulled ten years ago




Puerto Rico Makes Plans to Become Silicon Island - Baseline

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Baseline



Puerto Rico Makes Plans to Become Silicon Island
Baseline
The latest entry in the high-speed Internet derby is Puerto Rico. The commonwealth, which boasts a population of approximately 3.7 million and encompasses about 3,515 square miles, recently announced a $17 million technology investment designed to ...

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Puerto Rico probes millions of dollars in overtime - Yahoo News

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Puerto Rico probes millions of dollars in overtime
Yahoo News
SAN JUAN, Puerto Rico (AP) — Legislators in Puerto Rico have launched an investigation into the payment of millions of dollars for overtime in government agencies, the island's Senate announced Wednesday. Senate President Eduardo Bhatia said ...

Puerto Rico Representative Explores Bankruptcy Option - Bloomberg

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Puerto Rico Representative Explores Bankruptcy Option
Bloomberg
Puerto Rico's 
non-voting representative in the U.S. Congress is exploring changes to federal law that would allow the commonwealth's municipal agencies to file for bankruptcy to restructure theirdebts. Pedro Pierluisi, whose formal title is resident ...
PR's Lawmaker in US Congress Exploring Chapter 9 ChangeBond Buyer

all 3 
news articles »

Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule - Entrepreneur

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Entrepreneur



Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule
Entrepreneur
The franchisees claim that when the company sold its stores and franchising rights in Puerto Rico in 2007, it breached its franchise agreement with existing franchisees to only grant McDonald's restaurants to local individuals in the Puerto Rican market.
McDonald's Puerto Rican franchisees say company broke FTC ruleCrain's Chicago Business
How Will McDonald's (MCD) Stock Respond To Puerto Rican Franchisees ...TheStreet.com

all 5 news articles »

FBI arrests Puerto Rico mayor accused of bribery - Yahoo News

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FBI arrests Puerto Rico mayor accused of bribery
Yahoo News
SAN JUAN, Puerto Rico (AP) — FBI agents have arrested a mayor in Puerto Rico on charges of bribery, extortion and obstruction of justice. The U.S. Attorney's Office said Thursday Eduard Rivera Correa accepted more than $39,000 in kickbacks from a ...

Tuesday, July 8, 2014

A lie, incompetence or both? Puerto Rico Report: Federal Figures Show 37,921 Jobs Lost During Governor’s Administration Instead of 55,305 Gained as He Now Claims: "The discrepancy between what Garcia is now saying and the truth comes from the Governor only talking about jobs created and not those lost — a meaningless figure."




See aso: NPP Calls Governor’s Job Creation Ads Misuse of Public Funds ‘Based on a Lie’

Federal Figures Show 37,921 Jobs Lost During Governor’s Administration Instead of 55,305 Gained as He Now Claims

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Governor Alejandro Garcia Padilla (‘Commonwealth’ party) has been taking pains since Wednesday to claim that 55,305 jobs had been created in Puerto Rico under his administration.
The assertion began to come just five days after he said in an extemporaneous answer to a question that “5,000 to 6,000 jobs” had been lost during the same period.
Garcia’s promise that he would create 50,000 jobs within 18 months is widely considered to have contributed to his election in November 2012 in a territory that had been losing jobs since April 2006.
Since he took office at the beginning of January 2013, his administration has consistently been claiming that it was making good progress towards fulfilling Garcia’s job-creation campaign pledge. So, his unscripted admission a week ago that jobs had been lost was a surprise.
The truth is that jobs have been lost during Garcia’s administration — but many more than the Governor acknowledged. According to U.S. Bureau of Labor Statistics, 37,921 jobs had been lost from the time that Garcia became Governor through the end of May. Puerto Rico had 1,030,603 jobs when he took office and had 992,682 at the end of May.
The discrepancy between what Garcia is now saying and the truth comes from the Governor only talking about jobs created and not those lost — a meaningless figure.
In fact, the territory has lost nearly 22.5% of the jobs that it had in April 2006. There were 1,277,560 jobs in Puerto Rico then.
The job losses are a reflection of the failing ‘Commonwealth’ economy. Although Puerto Rico’s economy grew at a fast pace during the 1950s and ‘60s, income growth in the territory began to fall behind income growth in the States during the 1970s and the income gap between the States and the Commonwealth has grown since then.
Major contributors to the Commonwealth’s poor economic performance have included:
  • International free trade agreements that eliminated its advantage over foreign countries as a manufacturing location for the U.S. market;
  • Skyrocketing increases in the price of oil that the Commonwealth uses to generate 69% of its electricity while the U.S. as a whole uses less than 1% for public power production;
  • The Commonwealth’s territory status which denies Puerto Rico as much as $10 billion a year in Federal programs, and potentially billions more through Federal purchasing and changes in Federal programs that would be possible if Puerto Rico had as much or more political power in the Federal government than 20 States based on its population vs. no power now;
  • An economic strategy that focused on tax exemptions for manufacturers from the States, which benefitted the companies more than the territory; and
  • Millions of Puerto Ricans ‘voting’ for the greater opportunities of statehood for themselves and their families by moving to a State.

Wall Street Waits While Statehood Debate Handcuffs Puerto Rico Decision Makers - Forbes

Forbes
Puerto Rico has become much more than a vacation destination for anyone who invests their money on Wall Street, plans for retirement using pension funds, or even pays taxes. As the commonwealth continues to suffocate under the weight of nearly $70 ...

Wall Street Waits While Statehood Debate Handcuffs Puerto Rico Decision Makers

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By Maryellen Tighe and Ellie Ismailidou
Puerto Rico has become much more than a vacation destination for anyone who invests their money on Wall Street, plans for retirement using pension funds, or even pays taxes. As the commonwealth continues to suffocate under the weight of nearly $70 billion in outstanding debt, a debate about whether Puerto Rico will become the 51st state has become less about the number of stars on the United States flag and more about the staggering losses facing those exposed to the territory.
While government officials grapple with strategies for addressing Puerto Rico’s massive debt load, they are left paralyzed by the inaction that stems from the fear that a step toward addressing the financial crisis would tip the balance either toward or away from becoming a state.
Flag of Puerto Rico
Flag of Puerto Rico (Photo credit: Wikipedia)
For evidence of the conundrum you can look no further than the decision-making related to accepting tax breaks from the continental US to boost revenue. One of the earliest sparks for Puerto Rico’s financial demise was lit in 1996, when President Bill Clinton repealed the legislation that gave tax incentives for US companies to locate facilities in Puerto Rico.
But because those tax breaks are perceived as a hurdle to statehood, Puerto Rico Resident Commissioner Pedro Pierluisi – a non-voting member of Congress and a member of the pro-statehood New Progressive Party – would not advocate for the return of the aid, even if they could help balance the budget.
A related wrinkle comes into play as the market debates the benefits of a federal bailout. Yes, abailout would be expensive for US taxpayers; but Puerto Rico’s default could be far more disruptive than Detroit’s record bankruptcy, experts tell Debtwire.
Lastly, indecisiveness on the issue impacts what could be the most efficient mechanism to remedy the financial woes. With Puerto Rico being a territory and not a municipality, it cannot even file for bankruptcy according to federal law. This means that any type of debt restructuring would unfold in an uncontrolled way a la Greece or Argentina.
The statehood stalemate could have a devastating effect on Wall Street if it also results on a standstill over how to balance the budget and also keep up with debt obligations.
Puerto Rico and its various public agencies have issued $70 billion of debt in the tax-exemptmunicipal bond market, which has been picked up by state-specific bond funds across America. Today around 70 percent of US mutual funds own Puerto Rico securities, according to Morningstar.  These funds were looking to increase their yield with the commonwealth’s bonds, which are exempt from state, local and federal taxes. As Puerto Rico entered a severe financial crisis and its bonds were eventually downgraded to “junk” status, prices tanked and investors have lost as much as 35% of their holdings.
With the territory stuck in limbo, the fact of Puerto Rico’s public corporations stepped into focus last week when the governor surprised the market by presenting a last-minute bill that would provide an avenue for restructuring to public agencies and utilities but not to the commonwealth itself.
Maryellen is a senior reporter covering Puerto Rico, Michigan, and the utilities sector for Debtwire Municipals.  Ellie is a reporter following Puerto Rico, California, and public pensions.  Maryellen and Ellie can be reached at Maryellen.tighe@debtwire.com and ellie.ismailidou@debtwire.com, respectively.
This post is brought to you by Debtwire, a Mergermarket company, the leading provider of real-time intelligence, analysis and data on distressed debt, leveraged finance and asset-backed markets. The team at Debtwire is comprised of financial journalists and credit analysts with considerable experience covering trading, law and investment banking. Our reach is global, with separate products covering North America, Europe, CEEMEA, Asia-Pacific, Latin America, ABS and Municipals.  For more information regarding Debtwire visit www.debtwire.com.