Houston Man Orchestrates $40,000,000 Bank Fraud Scheme, Fooling Lenders Into Backing Big Loans for Bogus Companies: DOJ

A Houston resident directed a major bank fraud scheme that laundered at least $40 million, according to the U. S. Department of Justice. The agency says 44-year-old Bun Khath and his co-conspirators submitted loan applications that contained fraudulent information and documents, including fake equipment sales invoices, income tax returns and bank statements source: https://dailyhodl.com/2026/02/23/houston-man-orchestrates-40000000-bank-fraud-scheme-fooling-lenders-into-backing-big-loans-for-bogus-companies-doj/