Billionaire From Iran Executed for Role in $2.6B Bank Fraud Scheme

mortgage-news-300x1651231Mahafarid Amir Khosravi, aka Amir Mansour Aria, has been put to death after Iran’s Supreme Court upheld his death sentence for bank fraud. The defendant was convicted for his role in a $2.6 billion scam in Iran, allegedly the biggest bank fraud case in Iran since 1979.

According to media reports, Khosravi and his conspirators used forged documents to obtain loans from Bank Saderat in Iran.

39 defendants were convicted along with Khosravi, four of which resulted in the death penalty, two were sentenced to life in prison, and the remaining received 25 years in prison.

Compiled by Mortgage Fraud Consultants – Chip Cummings is a best-selling author and nationally recognized expert in the area of mortgage fraud. He provides mortgage fraud expert witness services and litigation support to attorneys and financial institutions worldwide. He can be reached at (866) 977-7900

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