Conspiracy to commit wire fraud and one count of wire fraud against the Export-Import Bank of the United States (Ex-Im Bank) netted Miami electronics company owner Teolinda Briseyda Angeles 366 days in prison, three years of supervised release and orders to pay $446,875.83 in restitution and $1,384,666 in criminal forfeiture.
Angeles owned BNB Pembroke Pines, Inc., a Miami computer and electronics company that purportedly exported computers and electronic equipment to buyers in South America. Court documents indicate Angeles admitted that she and co-conspirators created false invoices, shipping documents, financial statements and other documents that were submitted to a Miami finance company and, ultimately, to the Ex-Im Bank to insure the financial transaction. None of the merchandise was exported. Angeles received a total of $1,384,666 in Ex-Im insured loan proceeds and ultimately defaulted on her loan, causing a loss to Ex-Im Bank and the U.S. government of $446,876.
The crime is one of several export credit insurance fraud schemes involving exports into South America that, to date, have resulted in seven criminal convictions, and almost $15 million in court-ordered criminal forfeiture and restitution. Investigations are ongoing through the the U.S. Department of Justice Criminal Division, with significant assistance from INTERPOL in Washington, D.C.
In another fraud case, Mexican farmer Alfredo Rodela-Campos, a farm owner in Chihuahua, Mexico, was sentenced to serve three years' probation for his role in a scheme to defraud Ex-Im Bank of approximately $291,550. He was ordered to pay $154,463 in restitution and $291,500 in forfeiture for one count of money laundering conspiracy, one count of conspiracy to commit wire fraud and one count of wire fraud in connection with a scheme to defraud Ex-Im Bank of approximately $291,550.
According to court documents, Rodela and co-conspirators created and submitted false invoices, shipping documents, financial statements and other documents to a Miami bank that ultimately were submitted to the Ex-Im Bank. The loan was supposed to enable Rodela to purchase construction equipment. No equipment was ever purchased. Instead, Rodela and his co-conspirators split the Ex-Im Bank insured loan proceeds. Rodela defaulted on his loan in late 2007, causing a loss to Ex-Im Bank and the U.S. government of $257,463.
The case was prosecuted by the Department of Justice and the U.S. Attorney's Office. Investigations were conducted by the Ex-Im Bank Office of the Inspector General, Homeland Security Investigations; Internal Revenue Service-Criminal Investigation and the U.S. Postal Inspection Service.