JERRY E. SMITH, Circuit Judge:
Plaintiffs Armando Fong Najarro and Compania Financiera Libano, S.A. (CFL), advanced funds to defendants SASI International, Ltd. (SASI), and its primary shareholder, Suzanne Frame, who ran a "gray market" perfume importing business. The agreement included a commitment by Frame and her company to pay, in addition to the principal, so-called "commissions" equal to a 25% annual return on the principal. When defendants failed to pay on...
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