California Man Sentenced to 33 Months In Prison In Connection With $20 Million Scheme to Defraud the Export-Import Bank of the United States

U.S. Newswire, February, 2008

To: NATIONAL EDITORS

Contact: U.S. Department of Justice, Office of Public Affairs, +1- 202-514-2007

WASHINGTON, Feb. 29 /PRNewswire-USNewswire/ -- David Villongco, 51, of San Mateo, Calif., was sentenced to 33 months in prison in connection with a $20 million scheme to defraud the Export-Import Bank of the United States, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney Jeffrey A. Taylor of the District of Columbia announced today.

Villongco was sentenced today in the U.S. District Court for the District of Columbia by the Honorable Richard W. Roberts. In addition to his prison sentence, Villongco was placed on three years of supervised release, ordered to pay restitution of $14,284,652 to the Export-Import Bank of the...