Harold Rangel has been indicted for bribing a bank officer and falsifying bank records. He is also under investigation for his alleged participation in a high yield investment and mortgage fraud conspiracy that was operating in the Los Angeles area. The scheme targeted approximately 600 Latino families, causing them to invest more than $35 million.
After Rangel failed to appear at a pre-trial hearing, a warrant for his arrest was issued by the United States District Court, Central District of California, on February 11, 2009. A second federal warrant was issued on July 16, 2009, after Rangel was charged with unlawful flight to avoid prosecution.
Rangel has ties to Pachuca, Mexico. He may be residing in Mexico.
