- Associated Press - Sunday, March 6, 2016

FARMINGTON, N.M. (AP) - A businessman accused of misleading investors of a Kirtland hospital project has entered a plea related to embezzlement charges.

The New Mexico Office of the Attorney General says Bobby Willis pleaded no contest Friday to two felony counts of embezzlement in Farmington District Court.

Willis faces up to 12 years in prison under the agreement.

He has also been ordered to pay restitution to his victims.

Willis is also scheduled to go on trial in June for federal wire fraud charges.

Willis is the former owner of New Mexico Title Co.

Authorities say Willis stole gemstones and jewelry from a former business partner and embezzled from an escrow account. He also defrauded a couple of nearly $1 million, urging them to invest in the construction of a VA hospital.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide