MIDLAND (January 10, 2013)—Darlene Aurelia Bishop, 41, of Odessa faces as much as 20 years in prison after she pleaded guilty in a nearly $5.9 million investment scam using fake bank documents to inflate a person's net worth on paper.
Bishop pleaded guilty Wednesday to conspiracy to commit wire fraud, prosecutors said.
She’ll be sentenced in March.
Prosecutors say Bishop operated several businesses with schemes meant to enhance credit by allowing people to rent or lease someone else's bank account.
Investigators say the goal was to falsely boost a person's apparent net worth.
The scam operated from July 2008 through March 2009.
Bishop used investment money to buy several large vehicles and a $672,000 house.
She must forfeit the vehicles and money received from the home sale.