- Associated Press - Thursday, February 27, 2014

ALBUQUERQUE, N.M. (AP) - A Belen man has been convicted on bank fraud and conspiracy charges in New Mexico.

Federal prosecutors say a jury found 35-year-old Raymundo Silva guilty Thursday after a four-day trial.

Silva was acquitted on two other bank fraud charges.

He and two co-defendants were indicted last August and then charged in a 31-count superseding indictment alleging bank fraud, conspiracy to commit bank fraud and aggravated identity theft.

The three were accused of engaging in a scheme to defraud banks between December 2011 and April 2013.

They allegedly stole checks from residential mailboxes, altered the names of payees and the amounts on the checks and cashed the checks using either their own names of the identities of others.

Silva remains detained pending his sentencing hearing, which has yet to be scheduled.

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