Rockford, IL-(ENEWSPF)- A Woodstock, Illinois man pleaded guilty today in federal court in Rockford to conducting a $7 million mail fraud scheme. Francis X. Sanchez (“Sanchez”), 51, co-owned and operated a business in McHenry County, known as InvestForClosures, with his business partner James D. Bourassa. In his guilty plea today, Sanchez admitted that he fraudulently obtained more than $7 million from InvestForClosures’ investors.
Sanchez’s and Bourassa’s business was initially known as InvestForClosures.Com, but later changed…
