Shavano Park businessman sentenced to jail time for multimillion-dollar scam

Armando Jesus Hernandez Leal sentenced to over a decade in prison

SAN ANTONIO – Jesus Hernandez Leal, 54, has been sentenced to over a decade in prison for carrying out a multimillion-dollar investment scam.

Leal pleaded guilty to federal money laundering charge last August.

According to federal law enforcement officials, Leal admitted to mismanaging an investment portfolio of a Mexican businessman.

The investigation was a joint effort by the FBI, IRS and U.S. Attorney’s Office.

Leal used the $80 million investment portfolio to buy himself homes, planes and other assets from 2005-2014.

“The defendant’s investment scheme represented one of the deepest betrayals of trust and friendship, committed for sheer greed to finance his lavish and extravagant lifestyle," said FBI Special Agent in Charge Christopher Combs. "Moreover, the devastating financial losses suffered by the victims were not inherited wealth; rather, they were the result of a family’s hard work and sacrifice, over several generations."

He has been ordered to pay back over $25 million to his victims.

Leal was sentenced on Thursday. After completing his prison term he will be on supervised release for three years.