2007
Corey Dwayne Minor, of DeSoto, Texas, plead guilty on March 22, 2007, in the U.S. District Court, Eastern District of Texas, Sherman Division, Cause No. 4:07CR48, to one count of mail fraud. From in or about 2003 through November 2006, Minor defrauded brokerage customers by obtaining money from the customers by knowingly and falsely representing to customers, or causing his employees to represent to the customers, that the money would be used to purchase particular securities on behalf of the customers. Minor knew such representations were false in that he intended to use the money for other purposes, and Minor did use the money obtained in this fashion for his personal benefit. In order to conceal the fact that Minor had not used the money to purchase securities for the customers, Minor knowingly falsified account statements to reflect that particular securities had in fact been purchased, and caused such account statements to be sent to the customers.