Frank Ruiz scheduled to self surrender to prison in June

Frank Ruiz scheduled to self surrender to prison in June

Posted:
Frank Ruiz testifying against the Liddle's in January Frank Ruiz testifying against the Liddle's in January

PHOENIX, AZ- A local man who admitted to conspiracy and transactional money laundering against AEA Federal Credit Union is sentenced to 24 months in prison followed by 3 years of supervised probation on Monday.

The former Top of the Kress owner referred all questions to his attorney, who says they are very satisfied with the judges ruling. "It seems as if the judge recognizes that the victim in this case is not necessarily AEA and there are others responsible including the bank itself for their own demise" says Ashley Adams.

Inside the courtroom, U.S. District Judge Susan Bolton said Ruiz was a willing conspirator in this case and this ponzy scheme happened due to the lack of responsibility of the credit union and it's employees.

Judge Bolton said Ruiz provided the government with substantial evidence against his co-defendants, Bill and Rhonda Liddle, which resulted in a speedy trial and many convictions.

An emotional Ruiz stood before Judge Bolton saying he fully accepts his responsibility and has learned from his mistakes. He then apologized to AEA, his family and the Yuma community.

Ruiz became emotional after his wife spoke on his behalf. Jacqueline Ruiz asked the judge for leniency in sentencing her husband. Mrs. Ruiz said her husband has been tied to a whipping post for the past few years and he has lost everything he's worked for in his entire life.

However Tom Martin, interim CEO of AEA, didn't see it the same way.

Martin also spoke before the court and asked the judge to sentence Ruiz to 10 years in prison because that's how long it will ultimately take AEA to recover from his losses.

Judge Bolton estimated the loss of damages by Ruiz to AEA any where from $2.5 million to $7 million.

A restitution hearing in this case will be sometime in late June.

Until then Ruiz remains out of custody. He is scheduled to self surrender to the department of corrections by noon on June 29th.

It's unclear at this time which federal prison Ruiz will serve his sentence. He has requested to be placed at the facility in Tucson, so he can be close to his family.

  • Email Alert Sign Up

    Sign up here to receive breaking news stories from KSWT.com and morning updates to your email inbox.

    * denotes required fields


    Thank you for signing up! You will receive a confirmation email shortly.

KSWT-TV Affiliates

Go to KSWT-TV's Facebook page
  • Most Popular StoriesMost Popular StoriesMore>>

  • Minnesota man kills intruders; admits he was waiting for them.

    Minnesota man kills intruders; admits he was waiting for them.

    LITTLE FALLS, Minn. -Jurors heard an audio recording Tuesday of the moments when two teenagers were fatally shot by a Minnesota homeowner who says he feared for his life after several previous break-ins. Byron Smith, 65, of Little Falls, is charged with first-degree premeditated murder inthe slayings of 17-year-old Nick Brady and 18-year-old Haile Kiferon Thanksgiving Day 2012. The shooting stunned the small city and stirred debate about how far people can go in defending their homes. Smith t...More >>
    LITTLE FALLS, Minn. -Jurors heard an audio recording Tuesday of the moments when two teenagers were fatally shot by a Minnesota homeowner who says he feared for his life after several previous break-ins. Byron Smith, 65, of Little Falls, is charged with first-degree premeditated murder inthe slayings of 17-year-old Nick Brady and 18-year-old Haile Kiferon Thanksgiving Day 2012. The shooting stunned the small city and stirred debate about how far people can go in defending their homes. Smith t...More >>
  • Arizona, NH to get federal education funding

    Arizona, NH to get federal education funding

    Efforts to turn around Arizona's persistently low-performing schools will be getting a $10 million boost from the federal government.More >>
    Efforts to turn around Arizona's persistently low-performing schools will be getting a $10 million boost from the federal government.More >>
  • DEA wants you to dispose of unused medications

    DEA wants you to dispose of unused medications

    The Yuma Police Department has teamed up with the Drug Enforcement Agency in an effort to dispose of your unused prescriptions. The DEA is accepting all expired and unused medications which will in turn be placed in and incinerator and destroyed; along with the drugs any labels will also be destroyed. The event is this Saturday from 10 a.m. until 2 p.m. in the Yuma Police Department parking lot off of 16th Street and 1st Avenue. There's no cost to drop off your medications, all they ask is th...More >>
    The Yuma Police Department has teamed up with the Drug Enforcement Agency in an effort to dispose of your unused prescriptions. The DEA is accepting all expired and unused medications which will in turn be placed in and incinerator and destroyed; along with the drugs any labels will also be destroyed. The event is this Saturday from 10 a.m. until 2 p.m. in the Yuma Police Department parking lot off of 16th Street and 1st Avenue. There's no cost to drop off your medications, all they ask is th...More >>
  • MCAS Squadron 371 homecoming

    MCAS Squadron 371 homecoming

    Yuma, AZ - Families anxiously waited for their loved ones to arrive after a 7 month deployment to Afghanistan.   More >>
  • ICSO: Heber CA Shooting suspect arrested

    ICSO: Heber CA Shooting suspect arrested

    HEBER, CA.- Sheriff's deputies arrest a suspect in connection to a shooting over the weekend. The Imperial County Sheriff's Office says 31 year old Gilbert Vasquez of El Centro shot at three people afterMore >>

    The Imperial County Sheriff's Office says 31 year old Gilbert Vasquez of El Centro shot at three people after a verbal dispute over personal matters.More >>

  • San Luis teen sentenced to prison for attempting to transport drugs for sale

    San Luis teen sentenced to prison for attempting to transport drugs for sale

    YUMA, AZ- A San Luis teen is sentenced to 3 1/2 years in prison for attempting to transport drugs for sale. Mark Anthony Roque was arrested in June of 2011 after a large amount of drugs were found inMore >>
    A San Luis teen is sentenced to 3 1/2 years in prison for attempting to transport drugs for sale.More >>
  • U.S. Border Patrol El Centro sector seize meth valued $700,000

    U.S. Border Patrol El Centro sector seize meth valued $700,000

    Imperial County--U.S. Border patrol agents assigned to the Indio station seized more than $700,000 worth of meth at the Highway 86 border patrol checkpoint near Indio. The incident occurred during earlyMore >>
    U.S. Border patrol agents assigned to the Indio station seized more than $700,000 worth of meth at the Highway 86 border patrol checkpoint near Indio.More >>
  • Man arrested at Andrade Port of Entry with narcotics

    Man arrested at Andrade Port of Entry with narcotics

    WINTERHAVEN, CA.- A 59 year old man is arrested at the Andrade Port of Entry after more than a half million dollars worth of cocaine, heroin, and methamphetamine is found hidden in his vehicle. U.S.More >>
    A 59 year old man is arrested at the Andrade Port of Entry after more than a half million dollars worth of cocaine, heroin, and methamphetamine is found hidden in his vehicle.More >>

KSWT Facebook Feeds