Andrew Maxwell Parker, 41 of El Paso, Texas, was sentenced Friday to 117 months in federal prison plus $10 million in restitution plus nearly a half million in back taxes for his role in the Export Import Bank fraud. Parker plead guilty in August to wire fraud, conspiracy, tax evasion, money laundering and filing false tax reports in a plea agreement. The fraud at the taxpayer funded Ex-Im bank ocurred between February 2003 to November 2006, accoring to court filings. Evidence was given that Parker exploited Ex-Im Bank's medium-term loan guarantee program, requiring the bank to make good on $107 million in loans that went into default. According to prosecutors, Parker bought four mansions and as many as 14 expensive cars with taxpayers' money.
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