Former state representative Victor Cuevas pled guilty yesterday to conspiracy to commit bank fraud.
Story and Photographs By John Murray
A two-year federal probe into the financial dealings of former state representative Victor Cuevas hinged on the technicality of whether $7000 was a gift or loan from a life-long friend. The money was used to qualify for a special HUD loan that enabled Cuevas to purchase a home in Bristol with less money invested upfront. The key element of getting the mortgage was having a friend or family member gift him $7000.
“A broker suggested I could qualify for the loan if I borrowed $7000 from a friend, and then repaid the friend after I got the loan,” Cuevas said. “At the time I didn’t think it was a big deal.”