Man Admits To Defrauding Export-Import Bank Of $24M

Law360, New York (June 24, 2010, 7:27 PM EDT) -- A Florida man has pled guilty to defrauding the Export-Import Bank of the United States out of more than $24 million through fraudulent loan transactions.

Guillermo O. Mondino, 47, of Miami, entered a guilty plea in the U.S. District Court for the District of Columbia on Wednesday, submitting to one count of conspiracy to defraud the U.S. and to commit mail fraud and one count of money laundering.

Mondino faces a maximum sentence of 15 years imprisonment and a $500,000 fine. Under the plea deal, he...
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