A Connecticut man pleaded guilty this week to federal charges that he illegally obtained bank loans and money to fund projects in Saudi Arabia, the U.S. Attorney’s Office announced this week.
The man, Hannibal Tayeh, 63, of Thomaston, pleaded guilty to two counts of bank fraud, four counts of wire fraud, three counts of money laundering and one count of making a false bankruptcy declaration.Â
His sentencing is scheduled for Dec. 19.
According to information from the U.S. Attorney’s Office branch in Massachusetts, Tayeh used fake documents to obtain a $9.1 million loan package and $400,000 credit extension from a bank in 2013 and 2014 for projects he said he was doing in Saudi Arabia. He also defrauded an individual and used the money personally, the attorney’s office said.
When filing for bankruptcy, he denied knowledge of fake documents used to obtain loans and large lines of credit.
Tayeh was originally charged and arrested in July 2018.
