El Paso lawyer convicted of fraud tied to $121 million contract

An El Paso lawyer and former trustee of Carnegie Mellon University who was previously convicted of laundering money for a Mexican drug cartel was found guilty Wednesday in a multi-million dollar fraud scheme.

Marco Antonio Delgado, 50, was found guilty by a jury in U.S. District Court in El Paso of wire fraud and money laundering tied to a $121 million contract between a U.S. company and Mexico's Federal Electricity Commission, the U.S. Attorney's Office said in a news release.

Delgado was convicted Wednesday of three counts of wire fraud, seven counts of money laundering and nine counts of monetary transactions of criminally derived property, officials said.

He faces up to 20 years in prison on each wire fraud and money laundering count and 10 years on each of the other counts.

Read more: http://www.elpasotimes.com/story/news/crime/2016/09/22/el-paso-lawyer-convicted-million-dollar-fraud/90869838/