Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Former CEO of pueblo corporation sentenced to 51 months in federal prison


The onetime executive officer of the Indian Pueblos Federal Development Corp., Bruce Sanchez, was sentenced Wednesday to 51 months in federal prison for embezzlement of more than $3.5 million from the company he headed for eight years.

Chief U.S. District Judge M. Christina Armijo rejected sentencing enhancements advocated by the corporation, including an argument that there were more than 250 victims because all 19 New Mexico pueblos – and the impoverished pueblo members who stood to benefit from the corporation’s work – were all victims.


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