Singer Gets OK to Chase Argentina Money Trail to Nevada
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Billionaire Paul Singer, the hedge fund founder seeking to collect on more than $1.5 billion in judgments over Argentina’s defaulted bonds, may search the deserts of Nevada for some of that money, a judge ruled.
Singer asked a federal court in Las Vegas in April to order 123 companies in Nevada to turn over information about assets belonging to Argentine businessman Lazaro Baez, who is accused in that country of embezzling $65 million from government contracts. U.S. Magistrate Judge Cam Ferenbach in Reno granted that request Aug. 11, ruling that Singer’s hedge fund was attempting to execute a valid judgment against Argentina.