2011
Alan Keith Nelsen and Mary Alice Monteza of San Antonio were arrested the week of Jan. 24 on a felony theft charge in connection with an alleged "prime bank"scheme.
According to an arrest warrant affidavit filed by the Bexar County Sheriff's office, Nelsen and Monteza signed a contract with a San Antonio woman that promised to increase her $30,000 investment by 25% a week for 40 consecutive weeks.
The potential investor was part of a sting operation by the FBI, the Texas State Securities Board, and Bexar County authorities.
The pair was also indicted in 2009 and again in 2010 for securities fraud and theft in alleged prime bank fraud – scams that promise to deliver high returns from non-existent investments in offshore or foreign banks.
The indictments followed a Cease and Desist Order by the Texas State Securities Board in 2007 in which Nelsen and Monteza agreed to stop engaging in fraud in connection with the sale of unregistered securities.