SAN ANTONIO (AP) — Federal agents have arrested a San Antonio-area man who authorities say defrauded a Mexican businessman out of millions of dollars.
A federal complaint unsealed Tuesday charged 53-year-old Armando Jesus (hay-SOOS') Hernandez Leal (lay-AL') with one wire fraud count.
Authorities say he was responsible for managing the Mexican businessman's investment portfolio, which was estimated to be worth $66 million. The complaint alleges that from 2005 to 2014 he didn't invest the money but used it instead to buy homes, planes and other personal assets.
Hernandez Leal, of Shavano Park, Texas, is held without bond. If convicted, he faces up to 20 years in federal prison.