Miami Straw Buyer Cops Plea In Alleged Cash Back Scam

U.S. Attorney R. Alexander Acosta, Southern District of Florida, announced that defendant Felipe Nunez pleaded guilty on December 14, 2007 to one count of money laundering, in an alleged cash back, straw buyer mortgage fraud scam that resulted in the indictment of fourteen other defendants. Nunez admitted in court that he was paid $20,000 to purchase two properties selected by defendants Henry Quintero-Lopez and Lazaro Villalba, the apparent leaders of the alleged racket. For more, see the U.S. Attorney Press Release.

Go here for the 9/27/07 U.S. Attorney Press Release on this case and go here for the Indictment - U.S. vs. Quintero-Lopez, et al.