This week, Arkady “Eric” Rayz of Kalikhman & Rayz, LLC secured a six-figure recovery on behalf of a European commercial bank from two U.S.-based loan sureties. Earmarked to fund wholesale importation of consumer goods to the Russian Federation, the original loan was used – instead – to finance a lavish lifestyle of high-end automobiles, luxury vacations, and expensive jewelry. Beginning more than four years ago, the lawsuit brought by Kalikhman & Rayz, LLC involved proceedings on two continents, across three U.S. states, and spanned four countries. The funds secured so far represent more than triple the principle balance of the original obligation.
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