A federal jury finds Bradenton Pastor Nelson Cristiano Machado, Jr. ?accountable for three counts involving wire fraud. Machado confronts a maximum penalty involving 90 years with federal prison regarding each count.
Machado preached in the Portuguese service on the First Assembly for God Church around Bradenton a few nights per week in 2009-2010. Machado relocated in order to Brazil in order to carry on his ministry there.
The A person. S. Attorney’s Office presented evidence from trial?that exhibited the Bradenton Pastor purposefully defrauded his mortgage lenders. Machado aimed to purchase two homes in Cape Coral reefs, one for $509,800, and another for $249,700.
Machado falsely represented her employment and the stabilize of his account on his uses. He also claimed that of the homes would be his primary place. He also failed to reveal to his following mortgage lender that he experienced already obtained a to begin with mortgage in the quantity of $343,000 and a?2nd mortgage in the measure of $147,000.
Machado also neglected to disclose the purchase of a different residence located in Fortin Myers for which he had obtained a mortgage in the volume of $189,050.? Relying upon Machados incorrect representations, the mortgage lenders accredited his loan applications along with wired the money to the designated title agencies for shutting down.
The Bradenton Pastor’s sentencing hearing is actually scheduled for May 26, 2016.
The Federal Bureau of Investigation along with the Florida Department of Legislations Enforcement participated in the investigation.