Dec 19
2012

Arturo Gonzalez Salinas of McAllen was indicted Dec. 19 in Hidalgo County on charges of theft, securities fraud, and securing the execution of a document by deception.

Salinas was indicted in connection with his sale of interests in a company that said it would build a hospital in Falfurrias.

Salinas allegedly transferred some of an investor's money into his wife's bank account and spent the funds on personal expenses. He also failed to disclose his 2002 bankruptcy filing, federal tax liens, and a 2007 civil suit against him alleging fraud in another investment program.