A Stockton man pleaded guilty to his part in defrauding financial services companies out of $2 million, federal prosecutors said Monday.  

Hector Perez, 35, pleaded guilty to wire fraud and aggravated identity theft stemming from a scheme, allegedly with his brother, to target invoice factoring companies. These companies provide immediate cash to a business in exchange for the business’ outstanding invoices. The factoring company can then attempt to collect the money owed.  

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Katy St. Clair got her start in journalism by working in the classifieds department at the East Bay Express during the height of alt weeklies, then sweet talked her way into becoming staff writer, submissions editor, and music editor. She has been a columnist in the East Bay Express, SF Weekly, and the San Francisco Examiner. Starting in 2015, she begrudgingly scaled the inverted pyramid at dailies such as the Vallejo Times-Herald, The Vacaville Reporter, and the Daily Republic. She has her own independent news site and blog that covers the delightfully dysfunctional town of Vallejo, California, where she also collaborates with the investigative team at Open Vallejo. A passionate advocate for people with developmental disabilities, she serves on both the Board of the Arc of Solano and the Arc of California. She lives in Vallejo.