Make the meatballs. In a large bowl, combine all the meatball ingredients except the frying oil. Shape the meat mixture into bite-size (1" or 2.5 cm) balls.
Heat the oil in a medium pot, over medium high heat (350F or 180C). Fry the meatballs for 5 minutes, or until browned.
Make the sauce. In a medium skillet, add all the sauce ingredients. Heat until thickened, stirring constantly.
Add the meatballs to the sauce and coat with the sauce.