US Court in Tampa, Florida Indicts 9 for Factoring Fraud Scheme

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Sunday, February 1, 2004
Author: 
Bruce Zagaris
Volume: 
20
Issue: 
2
65
Abstract: 
On December 5, 2003, federal prosecutors announced that they have charged nine persons for allegedly orchestrating a nearly decade-long scheme that bilked Espirito Santo Bank of Florida out of $170 million in "factoring" loans.