Cases / Investment funds & advisory
Ronald Wayne Schroeder, Jill Martin Alvarado, Phyllis Jo Martinez, Rigo Alvarado, Ryan Martinez
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Texas Express Funding, Nerd Factory, Alvy's Logistics, Republic Logistics
- Industry
- Invoice factoring (bank fraud)
- How investors were recruited
- Victims were banks: Schroeder, president of the Bank of San Antonio's factoring subsidiary, induced it (and Southwest Bank and TransPecos Bank) to buy false invoices from co-defendants' companies
- Pitch & red flags
- false invoices for worthless accounts receivable sold to banks
Source
U.S. Department of Justice official
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