Fortunately, the bank caught on before the loans defaulted and the collateral completely disappeared. Eventually, state warrants were issued for both Ana and Francisco for engaging in conspiracy to commit fraud. Ana, Francisco, and the straw buyers were arrested on state charges. Ana and the straw buyers pleaded guilty and were convicted with orders to pay restitution
Francisco's case is still pending and he's considered innocent until proven guilty. With the cooperation and diligent efforts of the Miami-dade Police Department and the U.S. coast Guard, the bank recovered its collateral. The boats were found off the coast of south florida driven by subjects known for smuggling illegal aliens into the united states