Home collateral Newton High School football coach indicted on federal wire fraud charges

Newton High School football coach indicted on federal wire fraud charges

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A local high school football coach is in dispute with the federal government. Ryan Joseph Arguello has been charged with seven counts of federal wire fraud. Our latest check of Newton’s high school athletics website lists Arguello as a defensive back coach for high school football. The indictment is the result of a business started by Arguello that bought properties at a discount and then fixed those properties for sale at a profit. The government’s case is presented as follows: Arguello obtained loans from private lenders, using mortgages for properties he did not own as collateral. He is accused of affixing false county deposit stamps to these mortgages. Investigators said Arguello received $ 632,000 from lenders, most of which were out-of-state wire transfers. His initial court appearance was on June 2 and his trial is scheduled for August. 2. Each of the seven counts carries a sentence of up to 20 years in prison and a fine of up to $ 250,000.

A local high school football coach is in dispute with the federal government.

Ryan Joseph Arguello has been indicted on seven counts of federal wire fraud.

Our latest check of Newton’s high school track and field website lists Arguello as the defensive back coach of the high school football team.

The indictment is the result of a business started by Arguello that bought properties at a discount and then fixed those properties for sale at a profit.

The government case is presented as follows

Arguello obtained loans from private lenders, using mortgages on properties he did not have as collateral. He is accused of affixing false county deposit stamps to these mortgages.

Investigators said Arguello received $ 632,000 from lenders, most of which were out-of-state wire transfers.

His initial court appearance was on June 2 and his trial is scheduled for August 2.

Each of the seven counts carries a sentence of up to 20 years in prison and a fine of up to $ 250,000.


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