Apr 9

On April 9, 2003, Earl Dean Osbourn, Jr. , formerly of Dallas, was sentenced to 30 years in prison in connection with a fraudulent stock offering that occurred in the Amarillo area. Mr. Osbourn operated a company called Nature's Remedies and conducted stock sales during 1996 and 1997. In connection with the sales he failed to disclose prior criminal convictions for securities fraud and tax violations. In addition, he failed to disclose 10 years of unpaid tax debts and a prior bankruptcy and failed to disclose that he was using investor funds for personal purposes and not placing funds in escrow. Many of the investors targeted were elderly and all of the money was lost. The cause number of the matter was 13.847-B and the Defendant was sentenced by the Honorable John Board of the 181st District Court. The Securities Board would like to thank the Randall County District Attorney's Office.