Bank Fraud and Money Laundering Convictions
|FBI San Juan May 05, 2009|
Pursuant to a jury trial, on May 4, 2009, OBED DIAZ-SANTANA, age 61, was found guilty on bank fraud and money laundering charges in the U.S. District Court for the District of Puerto Rico.
Approximately from January 2006 through the present, DIAZ-SANTANA was the President of International World Imports and Exports, Inc., a company incorporated in Puerto Rico, allegedly providing the distribution of microfilm and electronic transformers in Puerto Rico. In February 2006, DIAZ-SANTANA and MARKO LEBRON-AQUINO represented themselves as corporate officials of International World Imports and Exports, Inc. and along with MIGUEL TOYENS-VILLEGAS, obtained loans in the total amount of approximately $2,000,000.00 dollars from a local bank in Puerto Rico. However, these loans were obtained based on false representation and documentation as provided to the bank.
DIAZ-SANTANA is facing a maximum penalty of up to 30 years imprisonment, and/or, a fine of up to $1,000,000.00 dollars for the bank fraud conviction, and up to a maximum of up to 10 years imprisonment on the money laundering conviction. DIAZ-SANTANA is scheduled to be sentenced before U.S. District Judge Daniel R. Domínguez on September 11, 2009.
On March 13, 2009, MARKO LEBRON-AQUINO pled guilty to Conspiracy to commit Bank Fraud as well as False Statements, and was sentenced to 30 months imprisonment, three years of supervised release, and ordered to pay restitution in the amount of $251,325.00 dollars.
On March 30, 2009, MIGUEL TOYENS-VILLEGAS pled guilty to Conspiracy to commit Bank Fraud, Wire Fraud, Bank Fraud, and Money Laundering, as well as Forfeiture Allegations. TOYENS-VILLEGAS is scheduled to be sentenced for these violations on August 14, 2009.
This case was prosecuted by Assistant United States Attorney Julia Diaz-Rex and Assistant United States Attorney Charles R. Walsh. The case was investigated by the U.S. Internal Revenue Service-Criminal Investigations Division (IRS-CID), the U.S. Secret Service and the FBI.