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California man sentenced for scheme to defraud US Ex-Im

16 May 2008

Read more: Fraud US Ex-Im export import united states bank

Edward Chua, 55, of Montebello, California, has been sentenced to 37 months in prison in connection with a $10 million scheme to defraud the Export-Import Bank of the United States (US Ex-Im).

Chua was sentenced in the US District Court for the District of Columbia by the Honorable Richard Roberts. In addition to his prison sentence, Chua was placed on 36 months of supervised release and ordered to pay restitution of $10,743,478 to US Ex-Im. The substantial assistance...

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