Local man guilty of bank fraud

A Calabasas resident pleaded guilty in Los Angeles federal court last month to committing almost $1 million in bank fraud.
Edgar Sargsyan, 39, an attorney with law offices in Beverly Hills, was charged with conspiracy to commit bank fraud, two counts of bribing a public official and two counts of making false statements to federal officials. He pleaded guilty to all charges and is facing up to 50 years in prison.
Between August 2014 and November 2016, Sargsyan and a group of conspirators defraud...

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