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TAKING ONE'S BANKER TO COURT
22 January 2015
CHAIM EVEN-ZOHAR
There are many characteristic and recurring ways in which bankers or their clients can lose money in the diamond-financing business. The most frequent losses incurred by diamond-financing banks are, of course, defaults on outstanding loans. This is especially the case when such defaults are fraudulent - mostly through having related overseas clients default on payments to their suppliers, which then forces the bank's clients to wind down one's business in a controlled, orchestrated process. As in occasional criminal scenarios, both sides can even be in cahoots.

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