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Businessman Michael Angelo Padron, 62, faces up to five years in prison on the conspiracy charge and up to 20 years on each wire fraud count.
The alleged conspiracy lasted more than a decade and resulted in a S.A. construction company receiving contracts intended for service-disabled vets.
Michael Wibracht, a one-time trailblazing apartment developer, is now jobless, bankrupt...
Mar 12, 2021 A Texas construction company owner and a disabled veteran have pleaded guilty to a conspiracy that garnered $250 million in federal contracts set aside for small businesses owned by disabled veterans, according to the U.S. Justice Department’s Antitrust Division. Michael Wibracht, former owner of several construction businesses in San Antonio, pleaded guilty March 5 to one count of felony conspiring to commit wire fraud and defraud the United States. Wibracht and other co-conspirators installed Ruben Villarreal, a disabled veteran in San Antonio, as the owner of a constr...