Texas Atty Indicted Over Alleged $32M Laundering Scheme

Law360, New York (February 28, 2013, 5:40 PM EST) -- A federal grand jury on Wednesday indicted a Texas attorney in connection with an alleged $32 million wire fraud and money laundering scheme in which he bilked a Nevada contractor out of payments from a Mexican state-owned utility.

Marco Antonio Delgado was charged with two counts of wire fraud and 15 counts of money laundering for allegedly transferring to his personal overseas bank account $32 million in payments meant for Nevada-based FGG Enterprises LLC under FGG's $121 million equipment and maintenance contract with Comision Federal de...
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