After admitting they participated in a scheme to steal more than $900,000 from eight credit unions and 13 banks, six persons from New Mexico and Texas pleaded guilty to various financial fraud felonies last week in U.S. District Court in El Paso, Texas.
Michael Nedal Annabi, 39, and his wife, Perla Maldonado Annabi, 34, of Santa Teresa, N.M., and four other defendants obtained loans and lines of credit after providing the financial institutions with fake personal and income information, according to federal prosecutors.
Court documents show the fraudsters over three years beginning in 2013 applied for loans or lines of credit that ranged from $5,000 to $40,000.
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