Dallas Area Fraudster Jose Anibal Linares Sentenced To 5 Years In Prison For $2 Million Ponzi Scheme

CBS Dallas/Fort Worth

February 22, 2021

DALLAS (CBSDFW.COM) – Jose Anibal Linares of Honduras was sentenced to five years in federal prison for conning investors out of roughly $2 million.

The 42-year-old pleaded guilty to one count of mail fraud in October 2020. He was sentenced on Feb. 22 to five years in federal prison by U.S. District Judge David C. Godbey, who also ordered him to pay more than $2.3 million in restitution. A Honduran citizen in the U.S. formerly on Temporary Protected Status, Linares may be subject to removal from the U.S. after serving his sentence.

According to plea papers, Linares admitted to running a Ponzi-type scheme, luring investors into handing over “principal” that he later deposited in bank accounts at Wells Fargo, Bank of America, and Legacy Texas, then paying them “interest” from other investors’ principal payments.

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