Washington, D.C. – Edward Javier, 54, of Cerritos, California, has pleaded guilty to a two count Information charging conspiracy to defraud the United States and mail fraud in connection with a scheme to defraud the Export-Import Bank of the United States (the “Ex-Im Bank”), U.S. Attorney Jeffrey A. Taylor and Steven A. Tyrrell, Chief, Fraud Section, Criminal Division, U.S. Department of Justice, announced today.

Javier pleaded guilty on April 30, 2008, in the U.S. District Court for the District of Columbia before the Honorable Richard W. Roberts.

According to the government’s evidence, Javier was the owner and president of Lifeline Infinity, Inc. (“Lifeline Infinity”), a company that was in the business of selling medical supplies to nursing homes. Javier admitted that Lifeline Infinity was not in the business of exporting goods overseas. Javier also admitted that from in or about February 2003 through in or about July 2003, Javier, through Lifeline Infinity, acted as a purported “exporter” in a $1 million fraudulent loan transaction, falsified documents sent to a United States bank and the Ex-Im Bank, and misappropriated approximately $870,000 in loan proceeds that were guaranteed by the Ex-Im Bank. Specifically, Javier admitted that he submitted false shipping documents to the Ex-Im Bank, through the lending bank, as purported proof that he had purchased and shipped approximately $1 million worth of United States goods to a Philippine borrower. Javier admitted that, in fact, he had spent an amount materially and substantially less than $1 million on the United States goods purchased and shipped to the Philippines .