the man he knew, he said, was frank jaramillo. st a guy he met when frank managed a gym in long beach. in fact, said fred, he'd bought a used bmw from frank for $25,000. and frank was going to deliver the car when he returned from an overseas business trip in new delhi. of course, from phone records, the cops knew perfectly well that frank, aka, el cubano, was in fact at home, about 50 miles north of long beach in woodland hills. but fred kept talking and, ever more chatty, volunteered that he'd lent frank more than $100,000. which made sense, given what detectives had already learned about frank. >> he had a fetish for watches and living the lifestyle of the rich and famous. and he really didn't have a fulltime job. >> reporter: but if frank thought he was taking advantage of fred, the detectives believed it was just the opposite. >> i think fred schockner wanted to own frank jaramillo in some way. >> so frank already had the $100,000. now he's on the hook, bigtime, to fred. and fred says, "to get off the hook, you've gotta make t