Prominent businessman Luis Alvarez Renta goes to court on 17 October 2005 in the Southern District of Florida where he is accused by the Banco Intercontinental (Baninter) liquidation commission of using US financial institutions to transfer illegal funds presumably taken from the bank which collapsed in 2003, as reported in Clave Digital. The case involves Bankinvest, S.A., Interduty Free, Ltd., and Wadeville Investments, which the commission claims are owned by Alvarez Renta and were implicated in the alleged Baninter fraud calculated at US$2 billion according to documented accusations in the Dominican Republic. The case states that the plaintiff has presented proof that Alvarez Renta opened several bank accounts in financial institutions in Miami in the name of Bankinvest, including one in the International Bank of Miami. Another account was opened in BankAtlantic in the name of Interduty, which also had another account in the Hamilton Bank. The evidence in the court indicates that Alvarez Renta borrowed money from Baninter “with the intention of never paying it back”. According to the liquidation commission of the collapsed bank, “these accounts were the source from where Alvarez Renta paid several personal expenses and transferred funds to Wadeville, a company that was “organized with the purpose of paying his expenses in the US”. The Southern District Court Judge believes that there is sufficient circumstantial evidence and that the plaintiff has presented enough proof that indicates that “illegal activities” were committed in a deliberate or intentional manner.