This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Office Of Inspector General Export-Import Bank Of The United States Announces Capture And Seeks Information On Fugitives

WASHINGTON, Feb. 1, 2013 /PRNewswire-USNewswire/ -- The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that, pursuant to an ongoing joint investigation, one fugitive has been captured and extradited to the United States, and several federal fugitives continue to be sought in connection to a multi-million dollar export fraud scheme.

Federal Agents are currently seeking the location and arrest of eight (8) fugitives charged in the unsealed federal indictments, and who are believed to be residing in or near Ciudad Juarez, Chihuahua, Mexico.  These fugitives are:
  • Sergio Acosta-Camacho, a Mexican citizen and former owner of AML Construction;
  • Pedro Ruvalcaba-Placencia, a Mexican citizen and owner of a business, Delicas Nuez, in Ciudad Juarez;
  • Jorge Martinez-Joo, a Mexican citizen and former owner of El Paso-based exporter, El Paso Valcomar Inc.;
  • Adrian Rascon-Chavez and his wife Genoveva Fontes de Rascon, both United States citizens and former owners of Juarez-based clinic Centro Oncologico de Norte SA;
  • Maria de Jesus Ortiz-Saldivar, a Mexican citizen and the former accountant of Genoveva Fontes de Rascon;
  • Jorge Valdez-Cota and his wife, Veronica Iglesias-Lucero, both Mexican citizens and owners of a metal fabrication shop in Ciudad Juarez; and
  • Gilberto Ruiz-Gonzalez, a Mexican citizen, resident of Ciudad Juarez, and owner of Passage Supply.

Individuals with information concerning the location of the fugitives in question may call the Ex-Im Bank OIG Hotline at 1-888-OIG-EXIM (1-888-644-3946) or HSI Communications at 1- 407-975-1820 or 1-800- BE-ALERT (1-800-232-5378).

The OIG investigations have found that the fugitives and several other defendants conspired to defraud Ex-Im Bank of millions of dollars through various loan schemes resulting in over $22 million in claims paid by Ex-Im Bank. These fugitives have been charged with a variety of federal criminal violations to include conspiracy, wire fraud, and money laundering. 

On January 25, 2013, Fugitive Manuel Ernesto Ortiz-Barraza (Ortiz) was extradited to the United States from Mexico as part of this ongoing investigation (  As a result of the successful capture and extradition of Ortiz, investigators are currently attempting to locate and arrest eight (8) additional fugitives and co-conspirators of Ortiz charged as a result of the joint investigation related to trade financing fraud.

Ex-Im Bank OIG, Immigration Customs Enforcement-Homeland Security Investigations (HSI), the U.S. Postal Inspection Service, and Internal Revenue Service-Criminal Investigations in Washington, D.C. are conducting this joint investigation.  HSI Special Agents in El Paso and Mexico are assisting Ex-Im Bank OIG agents to locate the fugitives through liaison efforts with Mexican law enforcement authorities.

Ex- Im Bank, the official credit agency of the United States, is an independent executive agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. Ex- Im Bank provides a variety of financing mechanisms, including working capital guarantees, export credit insurance, and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank OIG is an independent office within Ex-Im Bank. The OIG receives and investigates complaints and information concerning violations of law, rules or regulations, fraud against Ex-Im Bank, mismanagement, waste of funds, and abuse of authority connected with Ex-Im Bank's programs and operations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.54 -0.51%
FB $97.95 -5.90%
GOOG $667.77 -2.30%
TSLA $147.51 -9.30%
YHOO $26.86 -4.00%


Chart of I:DJI
DOW 15,828.21 -376.76 -2.33%
S&P 500 1,834.56 -45.49 -2.42%
NASDAQ 4,233.2710 -129.8730 -2.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs