Shrewsbury Woman Pleads Guilty to Laundering Nearly $300k

 by Patrick SargentMarch 14, 2019
Last Updated February 2, 2021 12:51 PM

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CONCORD - On Wednesday, March 13, Jessica M. Teixeira, 41, of Shrewsbury, Massachusetts, pleaded guilty in federal court to charges of wire fraud and money laundering.

According to the District of New Hampshire U.S. Attorney's Office, from Dec. 2015 to Nov. 2017, Teixeira defrauded two New Hampshire investors by selling them a series of securities that were supposedly guaranteed and would generate high rates of return.

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In total, Teixeira obtained approximately $296,250 from the two investors.

“Those who peddle fraudulent investment schemes deprive their victims of their hard-earned money for personal benefit,” said U.S. Attorney Scott W. Murray.  “This case is an example of federal law enforcement’s combined effort to identify and prosecute those who commit financial fraud in New Hampshire.”

Teixeira claimed to be a solicitor of high-yield investment funds with connections to investment groups raising funds associated with domestic and foreign real estate developments, who solicited financing through private investors rather than banks.  In fact, Teixeira's claims to be connected to high-level investment groups were false, the investment contracts and notes she sold were worthless, and they generated no returns.

Instead, Teixeira would simply convert the invested funds to her own personal use and benefit, without returning any of the invested funds.

“Ms. Teixeira’s conduct is a reminder to those who invest that integrity is not found behind every door. Those who defraud investors to unjustly enrich themselves will pay a hefty price,” said Special Agent in Charge Kristina O’Connell, of IRS Criminal Investigations in Boston.  “We are proud to bring our financial expertise to joint investigations of this type to help prevent future victims of investment schemes.”

A sentencing date for Teixeira was not scheduled during the plea hearing.

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