May 29
2007

David Theodore "Ted" Schuch, of San Antonio, Texas, was sentenced on May 29, 2007, in the U.S. District Court, Western District of Texas, San Antonio Division, Cause No. SA-04-CR-093, after having pleaded guilty to conspiracy to commit securities fraud, mail fraud, wire fraud. Schuch and others operated under the business names of AWSK-Asset Works, AssetWorks, Inc., NursesSTAT, Equity Founders, Inc. and Global Search. He was sentenced to nine months confinement in the United States Bureau of Prisons followed by three years supervised release. He was also ordered to pay restitution of $577,281.95 to investors.