P.R. Laws tit. 23, § 493
Any natural or juridical person who obtains, requests, or attempts to obtain an investment by the Fund, for him/herself, or for an eligible cooperative enterprise, by means of a false statement on a material fact, or by omitting to consign a material fact needed to prevent that the statements made, under the circumstances said statements were made, lead to an error (the Fund not knowing its falsehood or omission), and does not sustain the burden of proof that he/she did not know and that by exercising reasonable prudence, could not have knowledge about the falsehood or omission, shall be liable to the Fund, that Fund may file suit to recover the moneys contributed, in addition to interest at the rate that applies to costs, and reasonable attorney fees plus interest at the rate applicable to court judgments, as provided by the regulations approved to such effects by the Finance Board created by §§ 2001 et seq. of Title 7, commencing on the date the Fund made the investment, reasonable costs and attorneys fees less the amount of any income received by the Fund derived from the investment agreement. The rights and remedies provided by this section are in addition to any rights of remedies that the Fund may have, pursuant to the provisions of other applicable legal provisions.
History —Aug. 18, 2002, No. 198, § 15.