Two Jewish Americans indicted in connection with a $33 million bank fraud are said by the FBI to have fled to Israel, according to a CBS report.
The two men, 53-year-old Aviv Mizrahi and 58-year-old Aryeh Greenes, were indicted by a federal grand jury in the U.S. District Court in Los Angeles on Thursday on 34 counts, including making false statements on loan applications and bank fraud. They are both residents of the Fairfax District of Los Angeles.
According to the indictment, Mizrahi operated several wholesale electronics companies, including New Electronic Inc. and Tech Club Inc., as well as a retail store.
Authorities say Mizrahi was previously charged with bank fraud in 2012 and changed his name to Aviv Shoham Schwartz after fleeing to Israel, according to an Associated Press report.
The duo reportedly doctored financial records to receive lines of credit, causing more than $33 million in losses for banks.
Arrest warrants have been issued for both men, but it is still unclear whether they will be extradited.
According to the CBS report, if convicted, Mizrahi faces a maximum statutory sentence of 1,020 years in federal prison and Greenes faces a maximum statutory sentence of 330 years.
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