San Antonio-area man accused of defrauding retired cops pleads guilty
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Victor Lee Farias, a Fair Oaks Ranch businessman, entered a guilty plea in a federal criminal case Wednesday. U.S. Magistrate Judge Richard B. Farrer accepted the plea via Zoom rather than in-person in the John H. Wood Jr. U.S. Courthouse.File photo
A Fair Oaks Ranch businessman faces up to 20 years in federal prison after he pleaded guilty Wednesday to orchestrating a Ponzi scheme that cost investors more than $7.4 million.
Victor Lee Farias, owner of Boerne-based Integrity Aviation & Leasing LLC, entered a guilty plea to one count of wire fraud during a hearing conducted by U.S. Magistrate Judge Richard B. Farrer via Zoom.