A New Mexico man admitted in court that he and his wife spent all but $ 5,000 out of $ 1 million that investors gave to the pair under the guise of investing in a real estate company.

According to the U.S. Attorney’s Office for the District of New Mexico, Bobby Willis pleaded guilty in federal court to wire fraud charges as part of a plea agreement.

Willis’ guilty plea is the result of an “illegal scheme” that defrauded two victims out of $ 1 million.

According to court documents, Willis…
Real Estate