Hector Perez of Stockton pleaded guilty to wire fraud and aggravated identity theft for a scheme that defrauded invoice factoring companies of over $2 million. - The scheme ran from May 2018 to November 2020.
- Perez and his brother created fake companies and sold fabricated invoices to at least four factoring firms. - The fraud caused losses exceeding $2 million.
- Hector Perez faces up to 20 years in prison plus a mandatory two-year sentence for identity theft. Sentencing is set for August before U.S.
District Judge William B. Shubb.
Flavio Perez, the co-defendant, is scheduled for a status conference in July.