- Associated Press - Friday, March 6, 2015

SEATTLE (AP) - Federal authorities say a couple who fled to Eastern Europe during a bank fraud investigation has entered guilty pleas in U.S. District Court in Seattle after returning to the United States.

Acting U.S. Attorney Annette L. Hayes says they were indicted in May 2009 for an extensive bank fraud scheme involving fake buyers.

Galina Kravchenko was extradited back to the United States from Moldova and the Aleksandr Kravchnko returned voluntarily.

He has pleaded guilty to conspiracy to commit bank fraud and filing a false income tax return. She has pleaded guilty to filing a false income tax return.

Hayes says the couple profited from a mortgage fraud scheme in which he submitted phony loan applications to Westsound Bank and she acted as the real estate agent earning large commissions on the fraudulent sales.

Court documents estimate the loss on the bank fraud scheme at more than $10 million.

Chief U.S. District Judge Marsha J. Pechman has scheduled sentencing for June.

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