Aviv Mizrahi is wanted for his alleged involvement in defrauding financial institutions of $33 million in California, and elsewhere, from February 2004 to June 2008.
Mizrahi operated and controlled several electronic wholesaling businesses which he alleged held millions in receivables and assets. Financial institutions entered into loan agreements with his companies because those companies granted a security interest in their inventory and accounts receivables. Mizrahi allegedly submitted fraudulent documents to lending institutions to obtain or increase loans - including accounts receivable summaries, tax returns, borrowing base certificates and financial statements. He allegedly made false statements to obtain loans or increase existing loans for his companies, including displaying inflated company assets, sales and accounts receivable information which he knew were significantly less than the amounts he represented on documents submitted to the financial institutions. Most of the purported inventory and accounts receivables of Mizrahi's companies did not exist and some of the accounts payable were non-existent. The companies' inventory was auctioned off, but only a small amount of the loans were recovered.
A federal arrest warrant was issued for Mizrahi in the United States District Court, Central District of California, on May 15, 2012, after he was charged with bank fraud, false statements to a federally insured financial institution, and aiding and abetting and causing an act to be done.
Mizrahi has dual citizenship in Israel and the United States. He may travel to Mexico or Israel.