CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

Divas Scam net $1.78 Million

ahisap Today’s CrimeDivas, [Yes, female partners in crime], Obdulia Julie Leon, 46 and Bonnie Lynn Recinos, 54, of Mesa, AZ plead guilty to one count of mail and wire fraud for ripping off poorly educated, Hispanic investors of $1.78 million.

According to records, the two women from 2006 through 2009 portrayed themselves as mortgage brokers and managing partners in brokerage firms using several names. The two women persuaded  the poor to provide money to finance their fake investment business and to make investments promising a 3-5 percent monthly returns. They had brochures made showing investment development, and oil investment claiming it was safer than the stock market.

Records showed, the money was not invested, but placed in a bank account controlled by Ms. Recinos. Thereafter, part of the money was used to pay a few  investors’ phony interest returns, and to pay the two women’s business and personal expenses. This money was the victims life savings, and they have lost it.

Through a deal 17 charges were dropped and the feds have agreed to recommend the low-end of the sentencing guidelines.[Interesting, why?]  The maximum possible sentences they face under the single charges is 20 years in prison and $250,000 in fines. The women also agreed to surrender the $1.78 million they reportedly stole from investors, but it was not disclosed how much of that money may be left.

Read a W.I.T. story today, click here to see more CrimeDivas. Trucker Front cover
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Check-pointDecember 31st, 2016
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