Galco.jpg                 

  



 

More charged in RGV auto loan scam
McAllen, Texas
   
 
More Today's News:
ߦ   Woman sent to prison for smuggling drugs in vehicle doors
ߦ   Another Laredoan pleads guilty to role in drug trafficking scheme
ߦ   Couple sentenced for transporting more than 100 undocumented adults and children
ߦ   Enforcement Alert: Hearing Set on Alleged Oil Fraud by Patman, Woodland
ߦ   Fort Bend County Crime Stoppers-Press Release
ߦ   Guatemalan man admits role in immigration event leading to death
ߦ   Houston man sentenced to 6 years for stomping an orange tabby to death
ߦ   Judge imposes 60-year sentence for man who made images of himself abusing toddlers
ߦ   Justice Department settles Galveston disability-based housing discrimination lawsuit
ߦ   Laredo drug smuggler pleads guilty in marijuana conspiracy
ߦ   Mexican man admits role in substantial cocaine smuggling
ߦ   Paris Police Dept. - Activity Summary
ߦ   South Texas woman headed to prison for managing international drug conspiracy
ߦ   Teen Jailed For Sexual Assaulting Woman Outside Her Apartment
ߦ   Arrest in Hit-And-Run School Bus Crash
ߦ   Ferguson Law Firm files class action, TRO over TPC plant explosion
ߦ   Former federal detention center employees indicted for bribery and sexual abuse of a ward
ߦ   Lawsuit alleges men ‘wielding machetes’ attacked woman in front of a Cinemark
ߦ   Six Men Jailed in Sex Sting Operation
ߦ   Wild hogs kill woman in attack outside Texas home, sheriff says

 
Search Archives:

McALLEN, Texas – Three more individuals have been charged in connection with a long-running scheme to defraud a financial institution in a scheme to obtain car loans in the Rio Grande Valley, announced U.S. Attorney Ryan K. Patrick.

 

A federal grand jury returned the superseding indictment under seal Oct. 22 against Jorge Garza, 46, San Antonio; Samuel Sanchez, 55, McAllen; and Soundra Lopez, 52, Weslaco. It was unsealed in its entirety today as authorities arrested Sanchez. He is expected to make his initial appearances before U.S. Magistrate Judge Juan Alanis this morning. Garza and Lopez appeared in federal court last week following their arrests and were permitted release upon posting bond pending further criminal proceedings.

 

The three are charged with conspiracy to commit bank fraud.

 

Sanchez and Lopez allegedly provided materially false information to County and Municipal Employee’s Credit Union (CMECU) regarding borrower creditworthiness in order to fund motor vehicle purchases. Garza, Sanchez and Lopez caused CMECU to fund approximately $2,287,720 in fraudulent loans, according to the superseding indictment. 

 

Three car dealership employees were previously charged in relation to this scheme - Ronnie Joe Gomez, 44, Pharr; David Salinas, 45, McAllen; and Jorge Villanueva 51, San Antonio. 

 

Gomez and Salinas are charged with wire fraud, while Villanueva is charged with wire fraud against a financial institution. Garza, Sanchez and Lopez are all charged with conspiracy to commit bank fraud. Gomez and Salinas face up to 20 years in prison and a possible $250,000 maximum fine, while the remaining defendants could receive a maximum 30-year prison term and up to a $1 million potential fine, upon conviction.

 

The FBI conducted the investigation. Assistant U.S. Attorney Frances E. Blake is prosecuting the case.

Post a comment
Name/Nickname:
(required)
Email Address: (must be a valid address)
(will not be published or shared)
Comments: (plain text only)
Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
© 1999-2019 The Police News. All rights reserved.