{"id":200459,"date":"2023-06-29T07:58:20","date_gmt":"2023-06-29T11:58:20","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=200459"},"modified":"2023-06-29T08:56:53","modified_gmt":"2023-06-29T12:56:53","slug":"merengue-band-leader-rafa-rosario-sues-coop-herrera-for-keeping-his-rd10-million","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2023\/06\/29\/merengue-band-leader-rafa-rosario-sues-coop-herrera-for-keeping-his-rd10-million\/","title":{"rendered":"Merengue band leader Rafa Rosario sues Coop-Herrera for keeping his RD$10 million"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/06\/Rafa-Rosario-Noticias-SIN-1024x583.png\" alt=\"\" class=\"wp-image-200528\" width=\"600\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/06\/Rafa-Rosario-Noticias-SIN-1024x583.png 1024w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/06\/Rafa-Rosario-Noticias-SIN-300x171.png 300w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/06\/Rafa-Rosario-Noticias-SIN-768x437.png 768w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/06\/Rafa-Rosario-Noticias-SIN.png 1448w\" sizes=\"(max-width: 706px) 89vw, (max-width: 767px) 82vw, 740px\" \/><\/figure><\/div>\n\n\n\n<p>One would have thought those with savings at the Cooperative Nacional de Herrera were low-income people. On Wednesday, 28 June 2023, Noticias SIN reported that millionaire merengue band leader Rafa Rosario filed a complaint against the cooperative that is undergoing significant cash flow problems.<\/p>\n\n\n\n<p>Investigative journalist Alicia Ortega recently revealed the dire situation facing depositors at the cooperative, known as Coop-Herrera. On the books, the cooperative was doing swell, but depositors have not been able to get their money out.<\/p>\n\n\n\n<p>Rosario complained that he had trusted the cooperative with RD$10 million and now doesn\u2019t know when he will be able to get his cash back. <\/p>\n\n\n\n<p>The plaintiffs expressed that they are confident that the authorities will investigate Rosario&#8217;s claim and that of thousands others affected by the lack of liquidity at the financial institution.<\/p>\n\n\n\n<p>Cooperatives are practically self-regulated in the Dominican Republic. They do not fall under Monetary Law nor the supervision of the Superintendence of Banks. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/noticiassin.com\/pais\/merenguero-rafa-rosario-se-querella-contra-coop-hererra-por-rd10-millones-1448257\/\">Noticias SIN <\/a><br><a href=\"https:\/\/listindiario.com\/la-republica\/justicia\/20230628\/rafa-rosario-querella-coo-herrera-abuso-confianza_760952.html\">Listin Diario <\/a><\/p>\n\n\n\n<p>29 June 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One would have thought those with savings at the Cooperative Nacional de Herrera were low-income people. On Wednesday, 28 June 2023, Noticias SIN reported that millionaire merengue band leader Rafa Rosario filed a complaint against the cooperative that is undergoing significant cash flow problems. Investigative journalist Alicia Ortega recently revealed the dire situation facing depositors &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2023\/06\/29\/merengue-band-leader-rafa-rosario-sues-coop-herrera-for-keeping-his-rd10-million\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[319,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/200459"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=200459"}],"version-history":[{"count":6,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/200459\/revisions"}],"predecessor-version":[{"id":200529,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/200459\/revisions\/200529"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=200459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=200459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=200459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}