May 11
2009

Brittain Wayne Bowers of Bishop was convicted May 11, in the 199th District Court of Collin County, in cause nos. 199-82423-07 and 199-82424-07 on charges of misapplication of fiduciary property and theft of property. The charges related to Bowers's involvement in the sale of limited partnership interests for Monarch Fund LP to operate a hedge fund. Bowers was ordered to pay a total of $500,000.00 in restitution to the victims of the scheme and sentenced to ten years community supervision and ten years deferred adjudication to be served concurrently.