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prima:Judge rejects bid to seal fraud case against Banco Popular private fund

According to the ruling, Piovanetti, his wife, and the financial institution failed to convince the court to bar access to a public proceeding, as an alleged federal investigation comes to light

April 21, 2026 - 1:07 PM

While the Piovanetti López couple and Popular requested that the case be sealed, FLT Entertainment, LLC, and Kassia, LLC—also co-defendants—opposed the motions, arguing that insufficient justification had been presented to restrict public access. (Archivo .)

Superior Court Judge Ladi V. Buono de Jesús denied the request by Gian Carlo Piovanetti and his wife, Carla Michelle López Arroyo, to designate as confidential the case in which they are named defendants in an alleged multimillion-dollar fraud against Popular Mezzanine Fund (PMF).

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