Businessman Gets 4 Years For $24M Ex-Im Bank Fraud

Law360, New York (November 1, 2011, 10:48 PM EDT) -- A Washington federal judge on Tuesday sentenced a Florida man to almost four years in prison for defrauding the Export-Import Bank of the U.S. out of more than $24 million through fraudulent loan transactions.

U.S. District Judge Ricardo M. Urbina doled out a 46-month sentence to Miami export company owner Guillermo O. Mondino and ordered him to pay $13.3 million in restitution and $2.7 million in forfeiture.

Mondino, who owned the exporting business Texon Inc., pled guilty in June 2010 to one count of conspiracy to...
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Case Information

Case Title

USA v. MONDINO


Case Number

1:10-cr-00141

Court

District Of Columbia

Nature of Suit

Date Filed

May 27, 2010

Law Firms

Government Agencies

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