| Case Summary: |
On June 5, 2007, Karen Nikolyan was indicted for bank fraud. Investigation showed that Nikolyan had fraudulently obtained multiple home equity lines of credit totaling more than $700,000 from seven different financial institutions on a condominium he owned. In October 2008, Nikolyan violated the conditions of his pretrial release and removed an ankle monitor. Nikolyan was last seen in Denver, Colorado and may possibly be in California.
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