Eduardo Orlansky, one the principals of the defunct non-bank financial institution ES Bankest, has been sentenced to twenty years in Federal prison for bank fraud and money laundering. His brother, Hector Orlansky, previously drew the same sentence. Both of these defendants are also required to make Restitution in the amount of $164m. Bankest borrowed millions from Portuguese-based Banco Espirito Santo, based upon fraudulent financial statements and fabricated accounts receivable.

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