An Elmont woman was arraigned on several charges of grand larceny Tuesday, according to Queens law enforcement authorities, who said the defendant bilked more than three dozen investors in her fake bail bonds business out of nearly $500,000.
“The defendant is accused of taking sums of money — ranging from $1,200 to $95,000 — for her fictitious bail bonds business from dozens of people by guaranteeing them a return on their investments within a short period of time,” said Queens District Attorney Richard A. Brown, in a statement about the charges against Alexandra Muñoz Monroy, 42.
“When the defendant failed to make good on her alleged promises and was confronted by her victims, she allegedly threatened them with physical harm and negative immigration consequences — including having them arrested,” Brown added.
Monroy was arraigned before Queens Criminal Court Judge Peter Vallone on a charges of second-, third- and fourth-degree grand larceny, second-degree criminal possession of stolen property, first-degree scheme to defraud and third-degree falsely reporting an incident.
She faces up to 15 years in prison, Brown’s statement said, and is being held on $350,000 bond or $150,000 cash bail.
She was represented by the Legal Aid Society and her attorney could not be reached for comment.
Prosecutors said Monroy lured investors in a bail bonds firm called Royalty & Alee Inc., and collected “investments” totaling $470,135 from 37 people, guaranteeing a return within several days to several weeks.
But, prosecutors said, when those returns didn’t materialize and the investors inquired about their money, Monroy allegedly threatened physical violence and negative immigration-related consequences — a number of her clients were Spanish-speaking immigrants like herself, a native of Colombia — including having them arrested.