The Federal Tax Office has filed a lawsuit against an executor of Alcalde de Mayagüez, José Guillermo Rodríguez and other six persons on suspicion of committing electronic fraud offenses in money laundering.
Among the accused are the executor Arnaldo Irizarry who also appeared as a legal assessor in the hearing until 2019. The federal authorities will present charges against Steve Minger, Stephen Kirkland, Alejandro Riera-Fernández, Joseph Kirkland, Roberto Mejill Tellcía. Following the accusation, García-Jiménez also acted as assessor for the municipality of Mayagüez and the corporation Mayagüez Economic Development (MEDI). While Mejill Tejado, in agreement with the accusation, was a contractor who provided financial advice to the aidant.
Agreed with the Accusation, between March 2016 and June 2018, the Accused coordinates a scheme to defraud the Municipality of Mayagüez and MEDI of funds that the contribution to the support. Assimilation, the fraud originated in the lie that the accused had committed a misrepresentation of a $ 9 million investment in municipal funds and MEDI. Against Irizarry Pesan four criminal charges: one for conspiracy to commit electronic fraud, two for electronic fraud and one for money laundering.
For the sake of completeness, the haberdasher used one of 13 existing corporations and other ghosts to receive and transfer hundreds of thousands of dollars worth of money to the Mayagüez municipality. These funds, in agreement with the federal tax authorities, determine an inversion.
In agreement with the $ 9 million inversion surcharge, which between 2014 and 2016, the Mayagüez municipality received a multi-million dollar assignment to the Help Center for Trauma. Of the money allotted, Mayagüez received $ 8.7 million worth of money transferred to the aunt. If so, the municipality will transfer the total of $ 9 million to MEDI — an entity created to take part in the municipality’s economic development and boost infrastructure projects — to make an investment, according to García-Jiménez assessor.
García-Jiménez promises the municipality to generate large-scale economic returns with an 8% return on investment. After receiving the $ 9 million, García-Jiménez bought various bonuses at the United States Treasury with a 2% interest rate. On the other hand, García-Jiménez —junto and the other accused – made transfers to personal accounts. The exaseror made a $ 1.8 million municipal payment and insured that an inversion return was granted. Sondeverbod, following the accusation, García-Jiménez habría sacado the funds of the initial inversion of $ 9 million.
On various occasions, García-Jiménez has made real estate transfers to other banking accounts in coordination with Stephen Kirkland, who is a financial assessor at Union Banc Investment Services (Ubis). When transferring the balance to a share in LPL Financial, García-Jiménez deliberately intended to hold various occasions in Individual C — a financial institution of his institution — in turn to which funds belong to the municipality of Mayagüez.
Three different transactions with four banking entities, the accusers will start to retrieve dichos accounts for personal use. The value of $ 9 million, Joseph Kirkland, hermano de Stephen and the president of the una entidad financiera, transferred $ 10,000 per una cuenta personal en el banco Heritage Oak; a $ 500,000 transfer to García-Jiménez’s personal account; a transfer of $ 100,000 to Stephen Kirkland and $ 1.14 million to a García-Jiménez account at Wells Fargo Bank.
In 2016, García-Jiménez made a transfer of $ 1.8 million a year from the MEDI for a corporate enterprise and all the communities that the generation of a reverse newspaper and a reality of the foundations of the original original $ 9 million made, restored.
Following the accusation, the accrued habrían used the diner to buy a marina buque, joys, ropa, matagas pagos a una school, restaurants, utilities, pagos and credit cards, hogar decoration, mejoras and propriades como la constructions and pay a mortgage.
Between April and December 2016, Irizarry also received one of them $ 126,100 dicha inversion results.
On September 28, 2016, García-Jiménez filed a lawsuit against one of his employees —Individual D — who sent a card to the Director of Finance of the Municipal de Mayagüez to indicate that the $ 9 million of MEDIs were being invested. Without embarrassment, these funds are not in stock since the accusation. In 2017, García-Jiménez volunteered to ask the municipality to pay for the inversion by one to five years and that it could get an 18% interest rate and generate $ 87,300 a month.
In the course of 2018, García-Jiménez volunteered to insist on the municipality that the $ 9 million follow intact and lists for redevelopment.
See here the accusation:
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