WASHINGTON, June 11 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
SAN DIEGO -Victor Hugo Villalobos Almazan and his wife, Nayeli Noemi Montoya Rodriguez, Mexican nationals who entered the U.S. on tourist visas, pleaded guilty in federal court today to bank fraud charges, admitting they participated in a conspiracy to fraudulently sell homes they did not own and launder approximately $1 million in proceeds.
According to the plea agreement, conspirators posed as legitimate property owners and used fraudulent documents to sell real estate they did not own to unsuspecting buyers. They then routed the proceeds from the illegal sales through bank accounts controlled b...