West Texas Mayor Charged With $300K Fraud, Theft
The mayor of a West Texas town of about 100 people has been charged with stealing nearly $300,000 in a forged signature scheme.
Toyah Mayor Bartolo Sanchez faces federal charges of bank fraud, wire fraud and four counts of aggravated identity theft.
Authorities did not immediately return a message Monday about Sanchez, who was arrested Friday. He’s been mayor since 2006.
Investigators say Sanchez, without knowledge of the Toyah City Council, in 2009 signed a $228,000 settlement with natural gas exploration company Chesapeake Operating Inc. The money was meant to fix streets damaged by Chesapeake vehicles.
Investigators say Sanchez created a bank account and wrote checks to himself from that town fund and others. He allegedly forged a required second signature.
Toyah is 175 miles southeast of El Paso.
- Porsche Auto Insurance Launches New Unlimited Policy
- PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
- Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future