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9 charged in 12M Florida bank fraud scheme

February 3, 2011
Total Loss: $12 million

Nine people in South Florida are facing bank fraud conspiracy charges for their alleged roles in a $12 million scam to obtain commercial lines of credit. Federal prosecutors said Wednesday that case stems from a $40 million Ponzi scheme operated by 38-year-old Luis Felipe Perez of Fort Lauderdale. Perez pleaded guilty last year to securities fraud and is serving a 10-year prison sentence.

Source: Miami Herald
Posted in: Account Takeover Identity Theft