- Associated Press - Friday, March 11, 2016

SAN ANTONIO (AP) - A San Antonio-area man accused of defrauding a Mexican businessman out of millions of dollars has been sentenced to 14 years and two months in federal prison.

The San Antonio Express-News (https://bit.ly/1Tyvkn4 ) reports that 54-year-old Armando Jesus (hay-SOOS’) Hernandez Leal (lay-AL’) was sentenced Thursday as part of a plea agreement. He had pleaded guilty to money laundering.

Authorities say he was responsible for managing the Mexican businessman’s investment portfolio, which was estimated to be worth about $50 million. Authorities say that from 2005 to 2014 he didn’t invest the money but used it instead to buy homes, planes and other personal assets.

Hernandez was ordered to pay $25 million in restitution.


Information from: San Antonio Express-News, https://www.mysanantonio.com

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