2 involved in El Paso bank fraud scheme plead guilty
EL PASO, Texas (CBS4) —
Two more suspects in a bank fraud case have agreed to a plea deal.
Perla and Michael Annabi pleaded guilty to two charges: one count of conspiracy to commit bank fraud and one count of wire fraud.
The Annabis were among seven people, including a UTEP women’s basketball player and a former New Mexico State University football player, who were accused of defrauding several banks, according to the FBI.
Jenzel Nash, Terrance Yelder and Miguel Munoz all pleaded guilty as well. Nash pleaded guilty to one count of aiding and abetting making a false statement on a loan/credit application. Yelder pleaded guilty to one count of conspiracy to commit bank fraud and Munoz to one count of making a false statement on a loan application.
The Annabi couple could be granted five years’ probation for each count. The time would run concurrently.
Judge David Briones said the court believed their role in the case to be minimal.
The two will also have to pay restitution to their victims, as well as hand over all financial statements to the U.S. Attorney’s Office.
Basem Elgelda is also involved in the case. He pleaded guilty to three counts of making a false statement on a loan application.
Daniel Munoz is set to go to trial on charges of conspiracy to commit bank fraud and making a false statement on a loan application. Jury selection is set to begin in Jun for his trial.
“Today’s guilty pleas are a big win for the people of El Paso. The fraudulent actions of a few bad actors can make it much harder for our local financial institutions to serve the community," U.S. Attorney John F. Bash said.
All those included in the investigation are out on bond. Official sentencing for those who accepted plea deals is set for July.