Staff
The El Paso Journal
Friday, February 17, 2023 | 21:08
Step.- A Horizon City man pleaded guilty in federal court in El Paso Tuesday to wire fraud.
According to court documents, Ricardo Robles, 41, was employed in a position where he was responsible for purchasing goods from vendors. His employer would then resell the goods for a profit. Robles created numerous fake companies starting in 2010 and used those fake companies to buy goods and inflate prices along with his accomplices. On behalf of his employer, Robles would then buy from his fake companies and divert portions of those payments to his personal bank accounts.
Robles pleaded guilty to conspiracy to commit wire fraud and faces a maximum penalty of 20 years in prison. Robles also agrees to pay restitution of approximately $9,890,489.53. He has tentatively set a sentencing date for May 30. A federal district court judge will determine any sentence after considering the United States Sentencing Guidelines and other legal factors.
United States Attorney Jaime Esparza of the Western District of Texas and Special Agent in Charge Jeffrey R. Downey of the FBI made the announcement.
