Are you getting robbed by a broker? Then again, maybe you just don’t know it yet. As was the case with one broker who has been scamming people out of their money for the past decade.
Alejandra Mascorro was accused last Tuesday (January 26th) of wire and bankruptcy fraud, leading to his arrest on Wednesday (January 27th).
According to themonitor.com, Mascorro worked for various brokerage companies throughout the years, one of them being Doria, where he was employed from September 2004 to May 2009.
During this time, he recruited people who had been given fake driver’s licenses and addresses in order to cash in numerous $1,000 checks which were supposed to be given to drivers to cover their road expenses, the site notes.
This wasn’t the only company that Mascorro robbed whilst employed at.
At a McAllen brokerage company from May 2009 to March 2010, Mascorro had the company’s customers make out their checks to Ardilla Enterprises Inc., a pretend independent brokerage company he created in which hundreds of thousands of dollars were placed into Mascorro’s account (http://www.themonitor.com/news/mcallen-46805-arrested-wire.html).
To cover up his actions, Mascorro paid his employment company using part of the money customers sent to his make believe company so that it appeared as if he was doing his job.
Mascorro can receive “up to 20 years in prison without parole and a fine of up to $250,000” based on one charge of bankruptcy fraud for misrepresentations on his 2008 income, as well as five charges of wire fraud, themonitor.com explains.
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