Mexico Ranch Owner Sentenced In Ex-Im Bank Fraud Scheme

Law360, New York (July 29, 2013, 8:03 PM EDT) -- A Texas federal judge on Monday sentenced a Mexican ranch owner to two years of supervised release and slapped him with a $10,000 fine for scheming to defraud the U.S. Export-Import Bank out of $3.21 million.

Osvaldo Kuchle-Lopez’s sentence, handed down by U.S. District Judge Philip R. Martinez, is in addition to the six months in jail that he has already served since pleading guilty in October 2010 to a count of conspiracy to defraud Ex-Im Bank by misappropriating proceeds from a loan insured by the...
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