x
Breaking News
More () »

Ruby Cortado released from jail to await federal fraud trial

Ruby Corado faces multiple charges of fraud and money laundering. A federal judge said she can await trial under 24-hour home confinement.

WASHINGTON — A federal judge ruled Tuesday that Casa Ruby founder, Ruby Corado, will not sit in jail while she awaits her federal fraud and money laundering trial.

Corado was the founder of the nonprofit "Casa Ruby," which provided transitional housing and services for people in the LGBTQ+ community. The nonprofit operated until 2022, when it shuttered its doors and, according to court documents, Corado moved to her native El Salvador.

RELATED: Federal prosecutors outlined how Casa Ruby found Ruby Corado's fraud scheme

Federal agents arrested Corado in early March at a hotel in Laurel, Maryland. She had just returned to the D.C. area for the first time since she left. She was charged with several counts of bank and wire fraud, as well as money laundering. It all stems from pandemic-relief loans she took out in the name of Casa Ruby.

Federal prosecutors allege that Corado took out nearly $1.2 million in loans under the PPP program, which would go to Casa Ruby to pay for employees, rent and utilities.

However, charging documents show during that time at around $300,000 went from the Casa Ruby account to another bank account for Corado’s consulting business, then ultimately to Corado’s private bank account in El Salvador.

RELATED: Ruby Corado arrested at Laurel hotel nearly 2 years after fleeing the country, officials say

In her pre-trial detention hearing, attorneys for the government argued that Corado should be held in jail while awaiting trial, as she poses a flight risk. They argued that she left the D.C. area when public allegations of misuse of funds came to light. They pointed out she has citizenship in El Salvador, which does not have an extradition agreement with the United States.

Corado’s attorney countered that white-collar defendants rarely are held in jail before trial. Her attorney argued that Corado left in 2022 to start an international wing of her nonprofit and returned to restart her life back in the DMV. They offered evidence that Corado has family and friends in D.C. and her passport has been taken.

Judge Robin Meriweather weighed several factors in granting the decision to release Corado to a third party custodian. In this case, Corado has several conditions of her pre-trial release. She will stay at the home of her niece in Rockville under 24- hour home confinement with a GPS monitor. She will only be allowed out of the home for medical and court-related reasons.

Judge Meriweather ordered Corado to be released at 9 a.m. Wednesday from the DC jail.

Do you have a news tip on this story or any other story? We want to hear from you. Tell us about it by emailing newstips@wusa9.com. 

MORE WAYS TO GET WUSA9  

DOWNLOAD THE WUSA9 APP
Apple App Store: WUSA9 News on Apple
Google Play Store: WUSA9 News on Android 

HOW TO ADD THE FREE WUSA9+ APP TO YOUR STREAMING DEVICE  

ROKU: add the channel from the ROKU store or by searching for WUSA9.  

For both Apple TV and Fire TV, search for "WUSA9" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.  

SIGN UP TO RECEIVE WUSA9 NEWSLETTER 

Subscribe to our daily WUSA9 Newsletter for top stories from WUSA9 curated daily just for you. Get content and information right now for can’t-miss stories, Commanders content, weather, and more delivered right to your inbox.

Before You Leave, Check This Out