A U.S. District Court jury in Dallas on Sept. 4 convicted David Kevin Lewis, also known as “David Shane Lewis” and “DW,” on one count of conspiracy to commit securities fraud and 23 counts of securities fraud. Sentencing is scheduled for Dec. 20.
Lewis, who in 2000 was convicted of federal security fraud and conspiracy to commit mail fraud in a case involving oil and gas offerings, was the chairman of Richardson-based Always Consulting Inc. (ACI). Always Consulting, which promoted and sold investments in oil and gas projects, defrauded investors by diverting their money to other ACI projects and by using investor funds to pay personal expenses, including the purchase of real estate. Lewis and other ACI principals were indicted in 2012. State Securities Board enforcement attorneys served as special assistant U.S. attorneys in the prosecution.