A 55-year-old McAllen, Texas, resident has been ordered to prison for conspiracy to commit wire fraud, announced U.S. Attorney Nicholas J. Ganjei.
Mayela Saby Cantu pleaded guilty Dec. 20, 2024.
Chief U.S. District Judge Randy Crane has ordered Cantu to serve 24 months in federal prison to be immediately followed by three years of supervised release. She was also ordered to pay $350,000 in restitution. At the hearing, the court heard additional evidence that detailed Cantu’s role in the scheme. The victim also reported the significant loss due to Cantu’s actions and asked the court for a sentence that would operate as a deterrent for others. In handing down the prison term, the court noted the complexity of the scheme and emphasized that Cantu’s role as an escrow officer allowed her to facilitate the scheme.
At the time of her plea, Cantu admitted she knowingly participated in a scheme that used falsified lien payoff statements, fraudulent warranty deeds and deceptive emails to mislead lenders, title companies and property buyers.
From November 2020 until her arrest, Cantu defrauded buyers and lenders in multiple property transactions while working at a McAllen title company. Using her position of trust, she facilitated closings backed by falsified documents. In one notable case, she directed others to create a fraudulent email address resembling that of a legitimate lienholder. Cantu then used the fake account to send false payoff amounts via interstate wires, leading a title company to improperly disburse more than $350,000.
Cantu facilitated additional fraudulent property transactions, including arranging closing on properties that had already been sold and accepting undisclosed cash payments. By concealing the true nature of these deals, she caused significant financial harm to the affected parties.
She was permitted to remain on bond pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.
The FBI, McAllen Police Department and Texas Department of Insurance conducted the investigation. Assistant U.S. Attorney Jose Garcia prosecuted the case.