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.
YUMA, Ariz. (13 On Your Side) – A man is facing first degree murder charges in connection to a San Luis stabbing that left one man dead and another wounded. Salvador Sigala, accused of stabbing a 25-year-oldMore >>
A man is facing first degree murder charges in connection to a San Luis stabbing that left one man dead and another wounded.More >>
BLYTHE, Calif. — U.S. Border Patrol agents from the Blythe Station found multiple weapons during a traffic stop. Agents pulled over a 2013 Ford Taurus near Blythe, Calif., and got consent to search theMore >>
U.S. Border Patrol agents from the Blythe Station found multiple weapons during a traffic stop.More >>
How to find KSWT-TV CBS System Channel Antenna (over the air) 13.1 Time Warner Cable 13 HD - Time Warner Cable 713 HD - Dish Network 13 Beam Speed(Welton) 13 Megacable - San Luis R.C. 91 Cablemas - MexicaliMore >>
Click here to view our 2012 - 2013 KSWT TV CBS 13 NFL Football schedule.More >>
EL CENTRO, CALIF. (13 On Your Side) - Officials have released some of the names of the people arrested during Wednesday's massive drug trafficking bust in Imperial Valley. But as we previously reported,More >>
Officials have released some of the names of the people arrested during Wednesday's massive drug trafficking bust in Imperial Valley.More >>
On December 4, 2013, at 02:30 pm, Elizabeth Romero was abducted from Kennewick, Washington. Elizabeth Romero a 14 year old, Hispanic, female, 5 feet 3 inches tall, weighing 130 pounds, brown hair, andMore >>
The suspect is Eduardo Flores-Rosalas, a 19 year old, Hispanic, male, 5 feet 9 inches tall, weighing 200 pounds, with black hair, brown eyes, unknown clothing.
YUMA, Ariz. (13 On Your Side) – In a massive drug sting aimed at one of the most powerful Mexican drug cartels, the Imperial Valley Narcotics Task force arrested ten drug smugglers trafficking meth andMore >>
In a massive drug sting aimed at one of the most powerful Mexican drug cartels, the Imperial Valley Narcotics Task force arrested ten drug smugglers trafficking meth and cocaine across the border from Mexicali.More >>
TEMECULA, Calif. (AP) - A Riverside County father and teen daughter have each been placed on four years' probation after pleading guilty to charges in a vigilante attack on a man the girl had accused ofMore >>
The girl claimed Cruz raped her in November 2012 after she passed out after drinking alcohol at his home.More >>
MESA, Ariz. (AP) - Detectives with the Arizona Department of Public Safety say they have uncovered an ecstasy manufacturing operation inside a student apartment at Arizona State University. The bust stemsMore >>
Detectives found 30 pounds of product used to make ecstasy pills in the apartment along with thousands of pills and a motorized pill press.More >>