Thursday Jan 11, 2024

Two wealthy businessmen who stole hundreds of thousands of dollars from two nonprofit organizations — much of it donated by San Antonio-based WellMed Medical Management Inc. founder Dr. George Rapier III — are heading to prison.

Hector Barreto, 62, of California, who led the nonprofits and served as an administrator of the U.S. Small Business Administration during George W. Bush's presidency, was sentenced Wednesday to 20 months in federal prison followed by three years of supervised release. Co-defendant Miguel Gutierrez, 49, a former WellMed consultant, received five years' probation and 10 months' incarceration as a condition of his probation. 

Barreto and Gutierrez also will have to pay a combined $944,693 in restitution. They each were fined $100,000. Gutierrez also has to pay almost $250,000 in taxes to Internal Revenue Service for unreported income.

 

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