If you are planning to invest on a real estate, you should take some precautions especially if you’re dealing with real estate agents like Veronica Sanchez Gallegos who pled guilty on several counts of felony charges in relation to her fraudulent investment scheme.

Veronica Sanchez Gallegos has pled guilty on August 6, 2009 for defrauding six victims including a 65 year old elder. It was reported that she was able to get a total of $1,289,000.00 from these victims where five of them have invested $40,000.00 to $622,000.00 while the elder invested almost all of her savings that amounts to $244,000.00. All of these victims are expecting a good return from their investment but Gallegos has used up all of the funds for her personal use. Gallegos has deceived the victims by creating false representations telling them that she’s an accredited investor, earning a net worth of one million dollars, and she also told them that she will guarantee their investments.

Veronica Gallegos was sentenced last August 7, 2009 and will be serving 12 years and 4 months imprisonment.