A California man who ran three financial services companies that offered to help borrowers to reduce their student loan obligations has pleaded guilty to money laundering and wire fraud. The 42-year-old Sonoma County resident faces up to 20 years in a federal prison on each count when he is sentenced. The guilty pleas were announced on Dec. 20.
A plea deal's role in the federal criminal justice system
The federal criminal justice system is a bit different from the state system. Defendants in the state system are much more likely to be offered a plea deal than those who are a facing a federal system.
US representative pleads guilty to corruption
A California congressman from the U.S. House of Representatives is planning to plead guilty to misusing campaign funds. Despite previously denying the charges and saying that he was the victim of a witch hunt by the opposing party, California Rep. Duncan Hunter has reversed course and prepared himself for receiving a sentence. In a statement to the press, he stated that he wants to spare his three children from a trial and avoid the publicity that comes with the process.
Man admits to embezzling $22 million from marketing firm
A 29-year-old man has admitted to embezzling approximately $22 million from a marketing company that represents social media influencers. The man's guilty pleas to wire fraud and aggravated identity theft charges were announced by the U.S. Attorney's Office for the Central District of California on Nov. 22. The man could be sent to prison for up to 22 years when he is sentenced on March 20.
