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...
To view the full article, register now.

Related

Sections

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

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.