Miami Man Sentenced for Defrauding Ex-Im Bank
The owner of a tile and tile cutting and milling company in Miami was sentenced to 12 months in home confinement for his role in a scheme to defraud Export-Import Bank of the U.S. of nearly $141,053, said the Ex-Im…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Office of Inspector General. It said Diego Pinzon-Villamil, 51, was sentenced Feb. 14 in U.S. District Court, Miami. He also was sentenced to 36 months of supervised release and was ordered to pay $141,053 in restitution. Pinzon pleaded guilty on November 28 to one count of conspiracy to commit wire fraud and one count of wire fraud in connection with a scheme to defraud Ex-Im Bank. According to court documents, Pinzon's Ceramic Tile USA purported to be in the business of exporting tile and tile cutting equipment to South America, but Pinzon admitted that he and co-conspirators created false invoices, shipping documents, financial statements, and other documents that were ultimately submitted to Ex-Im Bank to insure the financial transaction.