1 year ago
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CLOVIS, Calif. (KSEE/KGPE) – A erstwhile Clovis nonmigratory was charged with managing a $10 cardinal nationwide existent property fraud strategy - officials accidental helium did it portion serving a condemnation for a antithetic multi-million dollar fraud scheme.
According to tribunal documents, 43-year-old Seth Adam Depiano was sentenced to much than 12 years successful national situation successful 2020 for moving a $24 cardinal fraud strategy successful the Eastern District of California.
Between 2021 and 2022, the DOJ says helium managed a analyzable existent property fraud strategy utilizing a radical of co-conspirators located crossed the United States by posing arsenic a existent property broker who represented clients who wanted to merchantability property.
Using the fictitious identities “Marcus Lazaro” and “Steven Baron Sr.," the DOJ says helium communicated with clients done contraband phones, computers and co-conspirators Zahria Barber, 28, of Las Vegas, and Paola Quintero Beltran. The DOJ says these conspirators met with the imaginable investors to behaviour fiscal transactions and behaviour different activities connected his behalf.
In total, the DOJ says astir $10 cardinal was stolen from their victims.
The millions were past laundered done Las Vegas casinos and different businesses utilizing planetary ligament transfers; Depiano besides formed ammunition companies to acquisition and clasp existent property utilizing unfortunate funds, officials say.
According to the DOJ, Depiano was charged with ligament fraud, wealth laundering conspiracy, aggravated individuality theft and conspiracy to perpetrate ligament fraud. If convicted, helium faces a maximum statutory punishment of 20 years successful situation for ligament fraud and message fraud; helium faces a mandatory minimum punishment of 2 years consecutive for aggravated individuality theft.
Depiano and his co-conspirators volition adjacent look earlier a justice connected July 16.
