Ayvazyan and Terabelian looked to be part of a family fraud ring not well skilled at covering its tracks. On June 25, a federal jury in Los Angeles convicted Ayvazyan, Terabelian and two relatives of conspiracy to commit bank fraud, conspiracy to launder money, and related crimes. Bank accounts were opened in their names, but controlled by Ayvazyan, Dadyan and their fellow grifters. “Is this a dude’s face one u used?” Dadyan asked Ayvazyan. (Gary Coronado / Los Angeles Times)Investigators used bank records to trace the spending of the Time Line Transport loan: Ayvazyan used $110,000 for the down payment on the Tarzana house.

Source: Los Angeles Times July 16, 2021 12:00 UTC