Construction Company Owner Pleads Guilty to Fraud Scheme

Construction Company Owner Pleads Guilty to Fraud Scheme

A Rio Grande Valley construction company has pled guilty to a financial fraud scheme.

47-year-old Delfino Gaona pled guilty of conspiring to defraud the United States, and one count of failing to file a currency transaction report by a non-financial trade or business.  

After his guilty plea, he agreed to pay over two million dollars. Gaona is the owner of Keystone Construction. According to the document, he accepted over $10,000 from about 13 separate real estate transactions, but he failed to file an IRS form 8300 for each transaction. As a part of his plea, he admitted to receiving more than 2.5 million dollars, and structuring transactions in falsifying receipts to evade the reporting equipment.

Sentencing will be June 24th.

Construction Company Owner Pleads Guilty To Fraud Scheme
Construction Company Owner Pleads Guilty To Fraud Scheme

Fraud Scheme

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