Tuesday 30 May 2017
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11 days ago

Fugitive Filipino ex-car dealer gets 10 years, $30M fine for huge 1980s bank fraud

LOS ANGELES-- A Filipino who ran one of the largest automobile dealerships in the United States before fleeing the country 29 years ago was sentenced May 17 to 120 months in federal prison in a bank fraud scheme that caused more than $64 million in losses to banks, one of which collapsed as a result of the losses suffered in the scam. United States District Judge S. James Otero sentenced , 72, saying the Reodica s scheme to defraud extremely serious and caused much disruptio

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