NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down $65 million in what it says is embezzled Argentine money laundered through the United States. Lead attorney for NML, Robert Cohen of Dechert, said in a conference call on Thursday that the list of banks, all of which have at least a presence in the United States, has not been made public. Cohen told reporters that NML also subpoenaed what he called 123 shell companies registered in Nevada for discovery of information. These were used by Lazaro Baez, a confidant of current President Cristina Fernandez and her late husband and former President Nestor Kirchner, to launder money, the lawsuit alleges. The lawsuit alleges Baez laundered the money through as many as 150 Nevada corporations. "We have also served subpoenas on 18 banks in an effort to trace the funds that were, we believe, embezzled through those companies and we expect
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