Oak Lawn man charged in fraud probe

The FBI says a fugitive businessman who was the subject of an international manhunt has surrendered to federal agents.

Abe Karn of suburban Oak Lawn surrendered Friday after arriving in Chicago from Dubai on Thursday. Officials said the 50-year-old returned after learning over the Internet that he was wanted on charges in connection with the mortgage fraud investigation.

Karn and three co-defendants are charged in a federal indictment with helping a so-called nominee buyer obtain a fraudulent mortgage on a property in Joliet.

U.S. District Judge Robert Dow ordered him released on a $4,500 recognizance bond at a hearing on Friday.