What is Rodney Barreto Up To? By Geniusofdespair

The South Florida Business Journal reported in May: "Several lawsuits on behalf of minority shareholders allege that current and former directors of U.S. Century Bank mismanaged the bank and allowed excessive insider transactions that depleted its capital. They argue that the insider transactions contributed to the losses at the bank. The former directors and the bank are disputing the lawsuit, which is in mediation." Looks like it is not in mediation anymore - back to a lawsuit as of July 19th. There is a notice of hearing on motions 8/13/2013. On the docket, 7/3/2013 they called this a class action complaint.

According to the Business Journal:

The Doral-based bank paid $3.44 million in insider transactions in 2012, according to its annual financial statement distributed to shareholders. Most of that was for leases at branches and offices owned by former directors Sergio Pino, Armando Guerra and Agustin Herran. Of the $5.78 million the bank spent on leases in 2012, about 54 percent went to companies controlled by former directors.

And:

Guerra and Rodney Barreto, who led the failed effort to bring the Super Bowl to South Florida, had a combined $42.6 million in loans with the bank. Of that $21.5 million was impaired and had an associated loan loss reserve of $1.2 million set aside.