A U.S. District Court judge in Tampa last week sentenced Rosa Barrett Herrera of New Port Richey to 51 months in federal prison for wire and mail fraud in connection with an accounts-receivable financing scheme. The court also entered a forfeiture judgment in the amount of $1,134,238.48 against Herrera and ordered her to make restitution to Capital Plus Equity, LLC in the amount of $489,238.48.

Herrera had pleaded guilty to the fraud back on October 27, 2009.

According to court documents, Herrera operated a construction company in New Port Richey called Covenant Construction Unlimited. Prosecutors alleged that Herrera defrauded Capital Plus Equity, a private factoring company in Tennessee. Capital Plus Equity provided financing to companies by purchasing their accounts receivable.

Law enforcement claimed that Herrera sold false and fictitious invoices to Capital Plus Equity for which she received financing. Capital Plus Equity suffered a total loss of $489,238.48 from Herrera’s fraudulent scheme.

The case was investigated and presented to the U.S. Attorney by the U.S. Postal Inspector. Herrera will be required to serve three years supervised release upon completing her prison term.

White Collar Crimes

This entry was posted on Wednesday, February 10th, 2010 at 2:21 am and is filed under Florida Criminal Law News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.