The U.S. will extradite five Southern California residents who are charged by German authorities with an alleged financial fraud scheme.

The U.S. Department of Justice said the suspects allegedly defrauded thousands of victims of more than 300 million euros, about $345 million, and created a shadow financial system in Germany.

U.S. Marshals arrested the five residents, one of whom was a Canadian National:

Medhat Mourid, of Woodland Hills

Andrew Garroni, of Los Angeles

Guy Mizrachi, of Agoura Hills

Ardeshir Akhavan, of Irvine

Canadian National Tunde Benak, of Irvine,

German authorities said the five suspects allegedly created a scheme involving recurring debit and credit charges of less than 50 euros, about $58, to avoid suspicion. The charges were linked to fictitious companies, ac

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