CONCORD, N.H. (AP) — A Massachusetts woman has pleaded guilty in New Hampshire to wire fraud and money laundering, taking more than $296,000 from two investors.
Court documents say 41-year-old Jessica Teixeira, of Shrewsbury, Massachusetts, sold the investors a series of securities between 2015 and 2017 that were to generate high rates of return. She represented herself as a solicitor of high-yield investment funds with connections to investment groups raising funds associated with domestic and foreign real estate developments.
Court documents said Teixeira’s claims were false and the investment contracts and notes she sold were worthless and generated no returns. She converted the invested funds to her own personal use and benefit with returning any money.
Teixeira awaits sentencing.