Mass. woman pleads guilty in $296K fraud
CONCORD – Jessica M. Teixeira, 41, of Shrewsbury, Massachusetts, pleaded guilty in federal court today to wire fraud and money laundering charges, U.S. Attorney Scott W. Murray said.
According to court documents and statements made in court, between December 2015 and November 2017, Teixeira defrauded two New Hampshire investors by selling them a series of securities that were supposedly guaranteed and would generate high rates of return. Teixeira represented herself as a solicitor of high-yield investment funds with connections to investment groups raising funds associated with domestic and foreign real estate developments, who solicited financing through private investors rather than banks. In fact, Teixeira’s claims to be connected to high-level investment groups were false, the investment contracts and notes she sold were worthless, and they generated no returns. Teixeira would simply convert the invested funds to her own personal use and benefit, without returning any of the invested funds. In total, the Teixeira obtained approximately $296,250 from the two investors.
A sentencing date for Teixeira was not scheduled during the plea hearing.
“Those who peddle fraudulent investment schemes deprive their victims of their hard-earned money for personal benefit,” Murray said. “This case is an example of federal law enforcement’s combined effort to identify and prosecute those who commit financial fraud in New Hampshire.”
“Ms. Teixeira’s conduct is a reminder to those who invest that integrity is not found behind every door. Those who defraud investors to unjustly enrich themselves will pay a hefty price,” Special Agent in Charge of IRS Criminal Investigations in Boston Kristina O’Connell added.
The case is being prosecuted by Assistant U.S. Attorneys John Davis and Anna Dronzek.