Saudi Firm Sues American Over Alleged $10 Billion Fraud

Saudi Firm Sues American Over Alleged $10 Billion Fraud

LOS ANGELES - (AP) A Saudi Arabian company is suing the former chief executive of a collapsed Mideast bank for $9.2 billion, alleging he helped stage one of the largest global fraud schemes in history. The lawsuit filed in Los Angeles federal court Monday accuses Southern California resident Glenn Stewart of fraudulently obtaining loans. . . . Full version available to lexis.com subscribers.