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El Paso Man Arrested for Defrauding Employer
A local man has been arrested and charged in connection with a scheme to defraud his employer, according to authorities.
The U.S. Attorney’s Office for the Western District of Texas announced that Ricardo Robles, 40, was taken into custody today on charges related to his alleged involvement in a scheme to defraud his employer.
According to court documents, Robles was employed by a company to negotiate and purchase its supplies. However, instead of finding the best deals for his employer, Robles allegedly created numerous sham companies and arranged for his employer to purchase supplies from those bogus companies at an inflated price.
Robles then allegedly pocketed the profits for his personal use.
The FBI is investigating the case, and Assistant U.S. Attorney Christopher Mangels is prosecuting the charges.
Robles is charged with one count of conspiracy to commit wire fraud and 20 counts of wire fraud.
U.S. Attorney Ashley C. Hoff of the Western District of Texas and FBI Special Agent in Charge Jeffrey Downey, El Paso Division, made the announcement.
Robles faces a maximum penalty of 20 years in prison on each count if convicted, with a federal district court judge determining any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Key Facts
- State: Texas
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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