Enforcement Actions Criminal Civil

Wintford Evans Verkin, Jr., of Sugar Land, Texas, was sentenced on September 24, 2007, in the 212th Judicial District Court, Cause Nos. 04CR1669 and 06CR0956, after having pleaded guilty to misapplication of fiduciary property of the value of $200,000 or more and securities fraud with the amount...

David Allan Hilburn, of Missouri City, Texas, was indicted on August 29, 2007, in the 339th District Court of Harris County, Texas, Cause No. 1131000, on charges of securities fraud involving an amount of $100,000 or more with 105 victims named in the indictment.

James Alan Crump, of Beasley, Texas, pled guilty in Cause Nos. 1023063, sale of unregistered securities, and 1060472, bail jumping, in the 337th District County in Harris County, Texas on August 23, 2007. He was sentenced to five years in the Texas Department of Criminal Justice and is now serving...

On August 14, 2007, the Honorable Judge Gisela Triana, of the 98th Judicial Court of Travis County, authorized Janet Mortenson, a court-appointed receiver, to distribute $4,735,000 to investors in connection with a case captioned State Of Texas v. David Allan Hilburn; Box 40 Group, LLC; Brazos...

Blake Lang Cummings of Allen, Texas, pled guilty to conspiracy to commit securities fraud on July 31, 2007, in the U.S. District Court, Eastern District of Texas, Sherman Division, Cause No. 4:07CR142. Beginning in May 2002 and continuing through July 2005, Cummings, acting as a sales agent for...

Philip Lee Head, of Galveston, Texas, was convicted on June 29, 2007, in the 212th District Court of Galveston County, Texas, Cause No. 06CR0955, to securities fraud and misapplication of fiduciary property involving the offer for sale and sale of securities in connection with Retriever Equity Fund...

James L. Slaton of Palacious, Texas, pleaded guilty on June 11, 2007, in the U.S. District Court, Southern District of Texas, Victoria Division, Cause No. 6:06CR00038-001 to mail fraud relating to an oil and gas scheme operating under the name Mariah Resources and El Indio Operating Company, Inc...

David Theodore "Ted"Schuch, of San Antonio, Texas, was sentenced on May 29, 2007, in the U.S. District Court, Western District of Texas, San Antonio Division, Cause No. SA-04-CR-093, after having pleaded guilty to conspiracy to commit securities fraud, mail fraud, wire fraud. Schuch and others...

William N. Kirshner, of Corpus Christi, Texas, was reindicted on May 17, 2007, in Cause No. 06-CR-4248A (S1), in the 28th District Court of Nueces County, Texas, for on aggregated theft of property valued at $100,000 or more but less than $200,000. Kirshner allegedly engaged in a scheme and...

Susan M. Marshall, of Meadowlakes, Texas, pled guilty on May 11, 2007, in the 33rd District Court of Burnet County, Texas, Cause No. 32526, to first degree theft. Marshall was a party to selling investment agreements through Melvin Dean Marshall's Insurance Company, Marshall Insurance Agency, Inc...