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The Region

August 24, 1986

A former Philippine bank executive, wanted for embezzling $3.2 million from a Bank of America branch in Manila, was ordered deported to his homeland. Antonio T. Lao, 32, was arrested in West Los Angeles last Tuesday on a charge of overstaying his visitor's visa. He said that he lost $2.9 million on the commodities markets in Manila and spent another $300,000 buying stock in Hong Kong, according to officials at the Philippine Consulate.

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