Horizon City, Texas – On September 18, El Paso County Sheriff’s Office deputies arrested two individuals after a fraud investigation involving vehicle financing through Ibarra Financial Services. The investigation began when the lender reported that it could not recover two financed vehicles.
Investigation details
Deputies learned that 35‑year‑old Luis Fernando Jaquez and 34‑year‑old Briana Christine Cardenas each obtained financing for separate vehicles from Ibarra Financial Services. According to the sheriff’s office, tracking devices that had been installed in the vehicles were later removed, and both cars were taken across the border into Mexico.
Arrests
On September 18 at 8:27 p.m., deputies located Jaquez and Cardenas at a residence on Paseo de Loma Court in Horizon City. Both suspects were taken into custody without incident.
Charges and bond
Jaquez faces a charge of hindering secured creditors for an amount between $30,000 and $150,000. His bond was set at $15,000. Cardenas was charged with hindering secured creditors for an amount between $2,500 and $30,000, with a bond of $10,000. Both individuals were booked into the El Paso County Jail Detention Facility.
Community impact
The case underscores the importance of vigilant law‑enforcement cooperation with local lenders to protect Horizon City residents from financial fraud. By acting quickly on the report from Ibarra Financial Services, deputies were able to recover the suspects before further loss could occur.
Law‑enforcement response
El Paso County Sheriff’s Office spokesperson emphasized that the department will continue to work closely with businesses and the public to investigate and prevent similar fraudulent schemes. Residents are encouraged to report any suspicious activity related to vehicle financing or other financial transactions.
The investigation remains ongoing, and authorities will pursue any additional leads related to the removal of tracking devices and the cross‑border movement of the vehicles.
Original reporting: El Paso News (HLL/CB) — read the source article.
