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Convicted New Mexico embezzler pleads guilty to wire fraud
ALBUQUERQUE, N.M. — Convicted Farmington embezzler Bobby Willis pleaded guilty Wednesday to two counts of federal wire fraud before U.S. Magistrate Judge Laura Fashing.
The colorful Willis, who once wore two guns on his hips and claimed to talk to then President Barack Obama on a weekly basis, was charged with defrauding an elderly couple of nearly $2 million.
In 2010, Willis was recommended as an investment adviser to Theresa and Joe Lee who wanted to convert their IRA to a Roth IRA.
He is accused to telling the Lees that he was starting a real estate limited liability company that would invest in commercial and residential real estate.
Read more: https://www.abqjournal.com/1031963/convicted-nm-embezzler-pleads-guilty-to-wire-fraud.html