Virginia Resident Charged with Bank Fraud
December 28, 2009
Total Loss:
$30 million
Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced the unsealing of an indictment returned against Osama M. El-Atari charging him with two counts of bank fraud. El-Atari, age 31, is last known to have resided in Ashburn, Virginia. Count one of the indictment alleges that, from March 2008 through November 2008, El-Atari defrauded First Place Bank in connection with commercial loans totaling $7.5 million dollars. The indictment alleges that El-Atari pledged fraudulent collateral for these loans by falsely claiming that he had a life insurance policy with $10 million cash value.
Source:
FBI
Posted in:
Internal Fraud