Michael Wibracht last year pleaded guilty to conspiring to illegally obtain more than $240...
. In June, a jury found him guilty of conspiracy to defraud the United States and six counts of wire fraud. He was found not guilty of two wire fraud counts.
Over the past decade, Wibracht’s 210 Development Group converted a century-old peanut factory on South Frio on the West Side into about 100 apartment units. On the South Side, 210 Development turned some old military barracks and a dining facility at Brooks City Base into the 280-unit Aviator Apartments.It all was short-lived, however, with the trailblazing developer becoming unemployed, bankrupt and a convicted felon.
Villarreal — a Floresville disabled veteran who served in the Navy for 20 years — was one of the ostensible owners. But prosecutors said Wibracht and Padron exercised financial and operational control over Blackhawk — disqualifying it for contracts meant for small businesses owned and controlled by service-disabled veterans.
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