Valley businessmen found guilty of wire fraud
McALLEN — Sentencing for a trio of Valley businessmen is set for this summer after a weeklong trial ended with guilty verdicts.
Jurors found both Luis Antonio Rodriguez, 37, of Mission and Rogelio Ramos Jr., 37, of Pharr, guilty Friday of wire fraud after nearly 10 hours of deliberations, according to court records.
Guadalupe Artemio Gomez, 32, of Mission, who was also charged with wire fraud in connection with a scheme that intended to defraud victims of hundreds of thousands of dollars, pleaded guilty weeks before the trial was set to begin and eventually testified against his former business partners.
The three men operated their financing business under the names T.G. and Wealth, Infinite Properties, and Me In 3D. The companies offered financing at a rate of 8.5 percent on the principal for a 20-year home loan if the customer could afford to give them a 10 percent down payment, according to a criminal complaint.
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