Danny Ray Digman, who served time in state prison in the early 2000s for operating a fraudulent investment program based on the revenue from mobile ATMs in Central Texas, was indicted May 1 in Randall County on multiple felony charges for allegedly perpetrating the same ATM fraud in the Texas Panhandle.
The Randall County grand jury indicted Digman on charges of securities fraud, theft of property, sale of unregistered securities, and sale of securities without being registered as a dealer or agent. The indictments allege that Digman sold fraudulent securities to investors who would supposedly earn returns from the fees generated by ATMs placed at special events such as rodeos, fairs and festivals. Digman sold the investments himself and hired sales representatives.
Digman pleaded guilty to securities fraud in Travis County in 2004 in a case stemming from a similar ATM scheme. He was sentenced to 12 years in prison but released on parole in 2007. Digman allegedly did not disclose the conviction to investors in the recent ATM investment program.
Digman also did not disclose at least eight additional court cases, both criminal and civil, in which he has been a party.