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Houston Banker Pled Guilty to Bank Bribery for and Got 8 Months On Nfafo US Wants 27 Mo

By Matthew Russell Lee, Patreon Maxwell Book

SDNY COURTHOUSE, May 16 -  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. Bail continues."

On May 16, the US Attorney's Office wrote in asking for 27 months.

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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