3rd defendant enters guilty plea in San Antonio bank fraud case
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A third defendant has pleaded guilty in a bank fraud case that the Bank of San Antonio says cost it more than $13 million.William Howell /Fotolia
The guilty pleas are piling up in a fraud case that the Bank of San Antonio says cost it more than $13 million.
On Wednesday, Rigo Alvarado, of Irving, became the third defendant to enter a plea. Five were indicted in the case.
Alvarado, 55, pleaded guilty to conspiracy to commit bank fraud, which carries a maximum sentence of 30 years in prison, up to three years of supervised release and a fine of up to $1 million. He will be required to make restitution.