Jury selection begins for couple accused of committing fraud against AEA
Yuma, AZ--Jury selection began today for the trial of two Yuma residents accused of committing fraud involving millions of dollars against a local credit union.
Bill Liddle and his wife Rhonda Liddle are each facing 68 charges including conspiracy, money laundering and fraud.
According to the U.S. Attorney's office, Bill Liddle the former vice president of business lending for AEA Federal Credit Union, authorized more than $25 million dollars in suspicious loans to Yuma businessman Frank Ruiz.
They said in exchange for the loans, Bill and Rhonda Liddle received almost 1 million dollars in kickbacks.
Ruiz was also indicted on the same charges with the Liddles by a federal grand jury in December of 2010.
However in June of 2011 Ruiz took a plea deal.
He plead guilty to charges of conspiracy and transactional money laundering.
As part of the plea agreement if Ruiz cooperates fully, the Department of Justice can oppose a less harsh punishment when he is sentenced on March 12th.
The alleged scheme between all three defendants went on for almost three years.
According to the Feds, the Liddles received nearly $250,000 in cash.
A home worth $565,000 and a $40,000 Toyota SUV, a classic corvette and more.
All three defendants filled for personal bankruptcy in 2010 but last month Ruiz lost his bankruptcy case in court, which lead to the closing of one of his businesses, he Top of the Kress.
Trial in the case against Bill and Rhonda Liddle is set to start next week in Phoenix.
Sources tell us, Frank Ruiz is expected to testify against the couple.
The Liddle's faces a maximum sentence of 30 years in prison and or a million dollar fine.
Email Alert Sign Up
Sign up here to receive breaking news stories from KSWT.com and morning updates to your email inbox.
The most haunted island on earth is a small island right off the coast of Venice, Italy called ‘The Island Of Poveglia. It's beautiful and deserted but it was also a body dumping ground a few hundred yearsMore >>
Spacious Island for sale; includes hotel. May need exorcism. More >>
Investigators looking for Modesto Cortes-Serillo who's suspected of gunning down a man after an argument is believed to be hiding out in Mexico. According to the Yuma Police Department their investigationMore >>
Man accused of killing a man outside a Yuma restaurant reached to children for help; now brother and sister are in jail. More >>
Midnight last night was the last chance to vote for NASA's newest prototype: a spacesuit design that will eventually go to Mars. In 2012, NASA released the Z-1, which looks strikingly similar to BuzzMore >>
NASA asked the public for help in choosing their future space suit. More >>
Daisy Cortes was in court earlier this week through her attorney asked for her bond to be reduced. According to published reports her attorney reported to the court that Ms. Cortes was unaware of her fathersMore >>
Daughter of suspected gunman has day in courtMore >>
Judge Jorge Lozano has just announced that he plans on running for Superior Court Judge; the 38 year old Justice of the Peace has been serving Somerton and San Luis for the past eight years and believesMore >>
South County Judge seeking a higher callingMore >>