Enforcement Actions Criminal Civil

On August 25, 2000, Eldon D. Young and Michael D. Young were sentenced to 10 years probation and $138,000 restitution each, in the 291st Judicial District Court Of Dallas. The cases resulted from an investigation into the offering of interests in the Chase S.A. Distribution Venture, L.C. and the...

On August 23, 2000, a Midland County, Texas grand jury returned 12 indictments against Sherry Keisling and H. Bradley Bertrand for violations of the Texas Securities Act and other violations. Keisling, doing business as Cornerstone Financial in Midland, Texas, sold approximately $1.5 million in...

On August 3, 2000, Terry Don Rader, 47, of Pittsburg, Texas, pled guilty to one count of an indictment in Cause no. 3:00-CR-191-T in the Dallas Division of the Northern District of Texas, charging a violation of Title 18, United States Code Section 1030(a)(4), computer fraud for exceeding his...

On July 14, 2000 John Patrick Brink pled guilty to one count of securities fraud and one count of misapplication of fiduciary property. Brink was alleged to have intentionally failed to disclose material information and to have misapplied investor funds in connection with a securities offering...

On the 14th day of June, 2000, James De La Garza was indicted by a Bexar County Grand Jury for securities fraud and related violations. Mr. De La Garza is alleged to have intentionally failed to disclose prior felony convictions and fabricating certificates of deposit in connection with a securities...

On the 14th day of June, 2000, Bradley J. Farley was indicted by a Bexar County Grand Jury for securities fraud and related violations in connection with a securities offering. Farley is alleged to have intentionally failed to disclose material facts including personal uses of investor-derived funds...

On May 18, 2000 John Colmant Rockett pled guilty to two counts of mail fraud and seven counts of interstate transportation of stolen property. The plea stems from an indictment which charged Rockett with defrauding investors in connection with a securities offering. The investments were offered and...

On May 12, 2000, Dale Alan Pickard was indicted by a Harris County Grand Jury for securities violations. The cause numbers are 844425 and 844426 in the 338th Judicial District Court. If convicted, Mr. Pickard's sentence may be enhanced based upon prior securities convictions that occurred in May...

On March 10, 2000, William Edward Stewart was sentenced to 20 years confinement in the federal penitentiary. Stewart had previously been indicted by a federal grand jury in the U.S.District Court in the Eastern District of Texas for conspiracy, wire fraud, aiding and abetting an offense and money...

On March 6, 2000 Leonard Wayne was sentenced to 27 months in prison and ordered to pay $20,000 in restitution. Wayne was previously indicted for his alleged role in defrauding investors in connection with a securities offering by Pro-Tex Corporation. Wayne pled guilty to interstate transportation of...