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Note:Plaintiff agreed to find buyers for LCs with a face value of US$300 million in return for a commission. Although the LCs were ultimately worthless, he provided US$250,000 to defendants, an investment company and one of its consultants, to show willingness to fund the costs of interest charges incurred by the prospective purchasers. Issuer, Decobank, was a sham, at no point did the bank have any assets. The consultant embezzled the money for its own use to a bank in Tunisia. Plaintiff sued investment company and the now insolvent consultant for recovery of the funds. Although the court declined to exclude the defendants possible knowledge of the conspiracy of which he was apart, it awarded damages of US$ 250,000 from the investment company stating it "knew about and allowed" the consultant's misuse of the funds.

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