AG Balderas Secures Twelve Year Prison Sentence, Including Over A Million Dollars In Restitution, Against Man Who Cheated The State And Took Advantage Of Vulnerable New Mexicans

Albuquerque, NM – Attorney General Hector Balderas announced that James Lambros, who stole over $1,000,000 from the life-savings of a 98 year old former Albuquerque resident and several thousand dollars from his former friend, was sentenced to 12 years in the Department of Corrections to be followed by five years of probation. He also failed to pay taxes on the amounts that he stole.

“Our office will always fight for the most vulnerable, particularly elder New Mexicans who are preyed upon,” said Attorney General Hector Balderas. “I am grateful that the victims in this case will receive justice, and my office will continue to hold anyone who seeks to harm vulnerable New Mexicans accountable.”

On November 4, 2019, Lambros was convicted of five felony counts, including larceny, embezzlement, tax fraud, forgery, and theft of a credit card.  At sentencing Lambros faced up to twelve years in the Department of Corrections, and the Judge agreed with the Attorney General’s Office that he should serve the full amount.

The case was investigated by the New Mexico Office of the Attorney General and prosecuted by Assistant Attorney General Andrew Coffing.