Va. Atty Pleads Guilty In $100M SBA Loan Fraud

Law360, New York (April 5, 2013, 7:55 PM EDT) -- A Virginia attorney pled guilty Friday in Maryland federal court to aiding a fraud that caused $100 million in losses to the Small Business Administration’s loan guarantee program.

Seung E. Oh, also known as Sandy Oh, of Great Falls, Va., admitted to charges of conspiracy to commit bank fraud and money laundering. Oh faces up to 30 years in prison for the bank fraud conspiracy charge and a maximum of 20 years in prison for the money laundering charge. She also agreed to pay a monetary...
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