| Houston
Banker Pled Guilty to Bank Bribery for and
Got 8 Months Now Co-Defendant Pleads
By Matthew
Russell Lee, Patreon Maxwell
Book
SDNY COURTHOUSE,
Nov 1 - In the U.S.
District Court for the
Southern District of New York
on November 10, a bank bribery
conspiracy defendant pled
guilty, with a 12 to 18 month
sentencing guideline. Inner
City Press live tweeted it here:
OK - now pleading
guilty @SDNYLIVE
in bank fraud and money
laundering case US v. Former,
it's Luis Rivas.
Judge P. Kevin
Castel: How old are you?
Rivas: 36.
Judge: How do you
feel today?
Rivas, after a
pause: Healthy.
From the S6
indictment: Rivas, an employee
at a bank in Houston, said
Account-1 "is good and not
frozen" - then $2.2 million
were transferred into it
Rivas is
only pleading guilty to Count
4, Bank Bribery Conspiracy,
which describes him
"unfreezing, transferring
& withdrawing proceeds of
the wire fraud & bank
fraud conspiracy charged in
Count 1"
Judge Castel:
This plea agreement, dated Nov
1, provides for 12-18 months.
Plea agreement on
Inner City Press'
DocumentCloud here.
The Office of
SDNY US Attorney Damian
Williams specifies that "From
at least in or about 2018
through at least in or about
May 2020, LUIS RIVAS, who at
the time of the offense was a
financial sales advisor at a
Houston branch of a national
bank, agreed to accept
payments in exchange for
helping others open business
bank accounts for phony
companies. Those bank
accounts were then used to
receive more than $2.2 million
in fraud proceeds.." So, a
national bank.
On March 21,
2023, Rivas got eight months:
"Minute Entry for proceedings
held before Judge P. Kevin
Castel: Sentencing held on
3/21/2023 for (S6 19-Cr-781-)
Luis Rivas (7) Count 4.
Defendant pled guilty to Count
4 of the S6 Indictment on
11/10/2022. Defendant is
sentenced on Count 4 of the S6
Indictment to 8 months
imprisonment, the fine is
waived, forfeiture in the
amount of $45,000, and a
special assessment of $100.
Surrender Date: May 23, 2023
at 2:00 p.m."
On July 10, 2023,
in the same case, this:
"Arraignment as to Chica Nwafo
(6) Count 1s held on
11/1/2023. Plea entered by
Chica Nwafo (6) Guilty as to
Count 1s., As to Chica Nwafo.
Defendant admits forfeiture
allegations in paragraphs 4
and 5 of the S(8) Information.
Consent Preliminary Order of
Forfeiture Sentencing is
scheduled for 3/7/24 at 11:00
AM. Bail continues."
Inner City Press
will continue to follow the
wider case.
It is US v.
Former, et al., 19-cr-781
(Castel)
***
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