Freight Broker Convicted Of Wire Fraud and Bankruptcy Fraud
|July 29, 2011|
McALLEN, Texas - An area freight broker has pleaded guilty to the federal felony offenses of wire fraud and bankruptcy fraud before U.S. District Judge Randy Crane, United States Attorney José Angel Moreno announced today.
Alejandro “Alex” Mascorro, 41, of McAllen, Texas, admitted today to defrauding his former employer, Doria Enterprises LLC of approximately $50,000 by cashing Comcheks belonging to Doria without Doria’s authorization and for his own personal use and benefit. Doria, a freight brokerage business, provided money to its truck drivers through Comcheks, a money transfer system operated by Comdata Network Inc. in Brentwood, Tenn. Mascorro admitted today that, from January 2008 through April 2009, he visited various truck stops in the McAllen area and filled out Comcheks using “express codes” assigned by Comdata to Doria. Mascorro would give the Comcheks to the truck stop cashiers who, in turn, would call Comdata in Tennessee to verify the availability of the funds and disburse cash to Mascorro. Mascorro would later alter or destroy Doria’s accounting records pertaining to the company’s use of Comcheks to conceal his fraudulent actions. Mascorro additionally admitted today to making a false oath concerning his gross income for the year 2008 in a Chapter 13 bankruptcy petition he filed in U.S. District Court in McAllen in December 2009.
Mascorro now faces a statutory maximum of 20 years in federal prison without parole and a $250,000 fine for the wire fraud conviction and five years in prison without parole and a $250,000 fine for the bankruptcy fraud conviction.
Mascorro, who has been in federal custody since his Jan. 26, 2011, arrest, will remain in custody pending his sentencing on Oct. 13, 2011.
The investigation leading to the charges was conducted by the United States Secret Service. Assistant United States Attorney Greg Saikin is prosecuting the case.