Sep 8
2014
2014
Christopher Anthony Zaal of McKinney, who did business as Southwest Financial Group, was arrested Sept. 8 after having been indicted in Collin County on charges of securities fraud and money laundering for obtaining at least $2.27 million in fraudulent investment schemes.
Zaal allegedly committed fraud when he sold promissory notes and other securities – primarily to active and retired school district employees in North Texas – without disclosing to investors that has never been registered to sell securities, that he was in proceedings with the Texas Department of Insurance to revoke his insurance license, and that he was involved in prior investment schemes that turned out to be fraudulent.