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Woman sentenced for money laundering

CONCORD – Jessica Teixeira, 41, of Shrewsbury, Massachusetts, was sentenced to 41 months in prison for wire fraud and money laundering charges related to a fraudulent investment scheme, U.S. Attorney Scott Murray said.

Teixeira, who previously pleaded guilty on March 13, also was ordered to pay restitution of $296,250 to her victims.

“The defendant’s criminal pursuit of self-interest inflicted a substantial loss on two victims,” Murray said. “She used a series of false promises to take advantage of her victims and steal their funds. Those who engage in this type of scheme should understand that they will face substantial prison sentences because federal law enforcement agencies are working together to identify and prosecute those who commit financial fraud.”