Houston Man Orchestrates $40,000,000 Bank Fraud Scheme, Fooling Lenders Into Backing Big Loans for Bogus Companies: DOJ

A Houston resident directed a major bank fraud scheme that laundered at least $40 million, according to the U.S. Department of Justice. The agency says 44-year-old Bun Khath and his co-conspirators submitted loan applications that contained fraudulent information and documents, including fake equipment sales invoices, income tax returns and bank statements. Khath, who admitted to […]
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