Jun 6
2008

David Allan Hilburn, of Missouri City, Texas, was convicted of securities fraud on June 6, 2008, in the 339th District Court of Harris County, Texas, Cause No. 1131000. Hilburn, a disbarred lawyer from Louisiana, operated Brazos Valley Capital, an investment fund that was marketed to senior citizens from the Houston office of Texas Senior Services, LLC. Operating until 2006, the fund obtained in excess of $10 million from approximately 80 investors. Hilburn misrepresented the profitability of the fund and concealed misuse of prior investor funds as well as his disbarment. He was sentenced to 20 years confinement and ordered to pay restitution of $3.2 million.