Jan 31
2014

Eddie Lacy Stivers III was sentenced to 85 years in state prison on Jan. 31 for engaging in the fraudulent sale of stock and promissory notes, with some sales to investors coming after Stivers was indicted by a Hood County grand jury on charges of first-degree securities fraud, first-degree theft, and second-degree securities fraud. Stivers sold investment contracts through a company called Life Style Protectors and Advisors LLC. The contracts supposedly would have given investors shares in two other companies. Stivers did not disclose his indictment to investors, according to an Affidavit for Evidentiary Search Warrant issued in Tarrant County.