Someone posted this on a new thread a few days ago, but I thought it should be here:
Missing Ashburn Man Indicted for Bank Fraud in Ohio
Osama El-Atari's Mansion to be Sold to Help Creditors Recoup Some Losses
On Dec. 15, a United States district attorney in Ohio announced that a grand jury indicted Osama El-Atari, the former owner of The Original Steakhouse and Sports Theatre in Ashburn, on two counts of bank fraud.
This past spring, El-Atari, 31, was thought to have fled the country after creditors—several of them banks—filed a petition in U.S. Bankruptcy Court against him seeking more than $40 million in unpaid debt.
In these criminal indictments, which were announced by Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio, count one says El-Atari defrauded Ohio-based First Place Bank out of $7.5 million in commercial loans. The second alleges that El-Atari bilked another Ohio financial institution, Northern Trust Bank, for $16 million.
In both cases, the indictments allege that El-Atari used fake life insurance documents containing falsified policy numbers, coverage dates, cash values and assignee names as collateral for both loans. El-Atari claimed the cash value of one of his policies was $10 million and the other was $15.8 million.
The United States Attorney also announced that El-Atari has been charged in the Eastern District of Virginia on similar bank fraud charges in connection with commercial loans totaling more than $30 million.
It’s thought that El-Atari fled to either London or the Middle East to avoid his mounting debt, and that the FBI office out of Cleveland, Ohio, was looking for him. A message left at the office seeking comment was not returned. A U.S. attorney in Ohio also did not respond to a message. Interpol, an international police organization, has published a wanted poster for El-Atari.
http://www.loudouni.com/news/breaking-news/2009-12-16/missing-ashburn-man-indicted-bank-fraud-ohio