Businessman enters plea in embezzlement in Farmington court

FARMINGTON, N.M. (AP) – A businessman accused of misleading investors of a Kirtland hospital project has entered a plea related to embezzlement charges.

The New Mexico Office of the Attorney General says Bobby Willis pleaded no contest Friday to two felony counts of embezzlement in Farmington District Court.

Willis faces up to 12 years in prison under the agreement.

He has also been ordered to pay restitution to his victims.

Willis is also scheduled to go on trial in June for federal wire fraud charges.

Willis is the former owner of New Mexico Title Co.

Authorities say Willis stole gemstones and jewelry from a former business partner and embezzled from an escrow account. He also defrauded a couple of nearly $1 million, urging them to invest in the construction of a VA hospital.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s