According to the San Antonio News-Express, Anthony Regalado, 29, pleaded
guilty to bank fraud on Thursday, September 13th. Regalado had deceived
his ex-girlfriend Angela Salinas into embezzling nearly $100,000 for him.
Salinas, 20, pleaded guilty to bank fraud earlier this year.
Salinas was a bank teller for BBVA Compass Bank in Alamo from July 2009
to August 2010, the plea documents state. Regalado was jailed at the time
and started contacting her. He asked Salinas’s help and she bailed
him out. After getting out of jail, Regalado opened an account at Compass.
He then paid other people to open accounts which he controlled. Regalado
persuaded Salinas to issue bank credit deposits to the accounts in his control.
Salinas told the FBI that Regalado had promised to open up a bar with the
money she embezzled. He convinced Salinas that they could live together
and she could work at the bar. He even promised to pay for her college
education. But in truth Regalado had different plans. He used the illegally
obtained money to get himself a new set of wheels and wasted the rest,
which didn’t exactly make Salinas happy.
Both Salinas and Regalado will be sentenced later this year.
Bank frauds are considered federal offenses and can result in long prison
sentences and heavy fines. But other types of white collar crimes can
have serious consequences also. Even if you haven’t been charged
with embezzling hundreds of thousands of dollars, you’ll still need
aggressive representation to protect your rights. A knowledgeable San
Antonio Texas white collar crime defense attorney should be
contacted at once if you have been charged with a similar crime.