A federal grand jury indicted three former car dealership employees for participating in a long-running scheme to defraud companies, including financial institutions, in connection with car loans in the Rio Grande Valley area of Texas.  

Law enforcement arrested Ronnie Joe Gomez, David Salinas, and George Villanueva.

The three are each charged with wire fraud. According to the indictment, the defendants devised a scheme to defraud financial institutions by submitting falsified proof of their customers’ income to purchase motor vehicles.

If convicted, each faces up to 20 years in federal prison and a possible $250,000 fine.