Lauderdale judge awards $67.6 million in Bank of Mongolia suit

By INA PAIVA CORDLE
icordle@MiamiHerald.com

A judge in Fort Lauderdale District Court awarded a $67.6 million judgment to Bank of Mongolia this week in a lawsuit alleging fraud, civil theft, racketeering and conspiracy.

Lauderhill-based M&P Global Financial Services, M&P Global Financial Services Europe, Burton D. Greenberg and son Joel E. Greenberg were found liable to the bank by District Judge William P. Dimitrouleas.

Bank of Mongolia, the Asian country's central bank, had been trying to build an affordable housing project and M&P and the Greenbergs had agreed to raise the funding.

``We're very pleased with the outcome,'' said David Mankuta, Fort Lauderdale-based attorney with Atkinson, Diner, Stone, Mankuta & Ploucha, who represents the Bank of Mongolia. ``The bank and the country suffered a great deal as a result of these people.''

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