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Ruby Corado Pleads Guilty to Wire Fraud

arrested and charged in March with fraud and money laundering for diverting $150,000 — which was taken from a larger pool of $1.3 million that Casa Ruby had obtained through the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs — into bank accounts held in El Salvador under her birth name, according to a U.S. Department of Justice news release.Prosecutors claimed Corado passed the money through her consulting company, TIGlobal, in an attempt to circumvent the Small Business Administration’s earlier denial of her EIDL application.Corado was temporarily jailed and placed in solitary confinement for her own protection, until a federal judge decided to release Corado and placed her under house arrest, with GPS monitoring, at the home of a niece in Rockville, Maryland.On Wednesday, July 17, Corado entered a plea deal in which she agreed to plead guilty to one count of wire fraud and give up all proceeds traceable to her offense, in exchange for the government dropping a much larger six-count complaint in which she was charged with bank fraud, money laundering, monetary transactions in criminally derived proceeds, and failure to file a report of a foreign bank account.The wire fraud offense is punishable by up to 30 years in prison.But under federal sentencing guidelines, due to it being Corado’s first offense and the crime not involving violence, Corado could receive a much lighter sentence.Prosecutors have argued that the sentence would fall between 33 to 41 months in prison, while her defense team estimates that she could serve between 15 and 21 months, reports The Washington Post.Corado is next scheduled to appear in court on January 10, 2025, for sentencing.
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Red Bull found guilty of 'minor' budget cap breach as team waits on FIA punishment
READ MORE: Michael Masi was 'involved in confusing rule' which saw Max Verstappen clinch F1 title“The FIA cost cap administration notes that all competitors acted at all times in a spirit of good faith and cooperation throughout the process. The FIA would also note that with respect to this first year of the application of the financial regulations the intervention of the FIA cost cap administration has been limited to reviewing the submissions made by the competitors and that no full formal investigations were launched.“The FIA cost cap administration is currently determining the appropriate course of action to be taken under the financial regulations with respect to Aston Martin and Red Bull and further information will be communicated in compliance with the regulations.”Verstappen claimed his first world title last year, securing the victory over Lewis Hamilton in dramatic circumstances in the season finale in Abu Dhabi, before retaining the title this year after winning a shortened Japanese Grand Prix - which also saw chaos ensue after initial confusion.Heavy downpours meant the Suzuka race was limited to just 29 laps, which resulted in confusion over whether full points would be handed to Verstappen following his win, and after that was the case - the Dutchman was announced world champion for a second time.But with his title this year a formality, Red Bull had come under scrutiny in the last couple of weeks with reports suggesting the F1 giants had gone over the cost cap that had been introduced at the start of last season.
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RHOSLC's Meredith Marks says Jen Shah's guilty plea is 'lose-lose' situation
Real Housewives of Salt Lake City star Meredith Marks has opened up about the "lose-lose" wire fraud case her co-star Jen Shah is embroiled in.Jen, 48, was charged with conspiracy to commit money laundering and wire fraud during the reality show's second series and pleaded not guilty to both charges.However in July of this year, she pleaded guilty to conspiracy to commit wire fraud, telling a New York judge she "knew many people were harmed" and that she was "so sorry".READ MORE: Bond girl Denise Richards, 51, joins OnlyFans a week after 18-year-old daughterThe charge of conspiracy to commit money laundering was dropped in exchange for her plea change.Since, prosecutors have asked for a sentence of up to 14 years in prison, restitution of more than $9million (£8.3m) to victims, and a fine of $6m (£5.5m).Speaking exclusively to Daily Star ahead of The Real Housewives of Salt Lake City's third season, Meredith Marks has said news of Jen's plea-change was "shocking".The 50-year-old told us: "It was really, really surprising."In my view it was, it's going to trial, let everything unfold and, no matter what happened in the trial, I always believed that Jen believed her [own] innocence, so the change was very, very surprising to me."Hopefully we'll get to see the whole backstory there, I don't know if we will or won't."The moment the cast learned of the charges against Jen was all caught on camera, but despite being three series in, Meredith has said filming difficult situations isn't always easy.She said: "I don't think ever under any circumstances hearing that a friend who is facing these serious allegations and knowing that the outcome, what it could be – a prison term, restitution – is never easy."But then you have the
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