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ActiveBusinessLegal$40 million

Dual US-Peruvian national extradited to Houston to face $40 million bank fraud and money laundering charges

What happened

A 70-year-old dual citizen of the United States and Peru made his initial appearance in Houston federal court following his extradition from Peru to face charges in an alleged multiyear bank fraud and money laundering scheme involving at least $40 million in fraudulent loan proceeds

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Why it's spreading

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