“LOUIS LLUBERES, a/k/a “Luis Lluberes,” MOISES LLUBERES, MARIA AGUILAR, a/k/a “Maria Hewitt,” and MARIA LOPEZ with conspiracy to commit wire and bank fraud, wire fraud, bank fraud, and conspiracy to commit money laundering stemming from their years-long
justice.gov/usao-sdny/pr/f…
justice.gov/usao-sdny/pr/f…
...scheme to fraudulently boost the revenues of their temporary staffing company (“Company-1”) and launder funds through a series of shell companies before mischaracterizing the money as collections from customers. The scheme allowed Company-1 to fraudulently obtain...
...more than $500 million on its line of credit from a U.S. bank (“Bank-1”) and supported the sale of Company-1 to a group of investors (the “Investor Group”) at a grossly inflated price.”
“Beginning in or about 2017, after losing significant business from major clients, the defendants began creating fraudulent invoices (the “Fictitious Receivables”). The Fictitious Receivables, which were recorded on Company-1’s books, created the appearance that Company-1 was...
... engaged in more business and would be receiving more client payments than was the reality. All told, the defendants created more than 2,000 Fictitious Receivables. LOPEZ was responsible for recording the vast majority of Fictitious Receivables onto Company-1’s books. Thus,
... by inflating Company-1’s Borrowing Base through the creation of Fictitious Receivables, Company-1 and the defendants were able to borrow more than $520 million from Bank-1. Company-1 was not actually entitled to borrow these funds.”
Here’s the indictment justice.gov/usao-sdny/pres…
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