Edward S. Digges Jr.: Sentenced, 99 Years

Feb 18

A Collin County state District Court jury on February 18, 2010 sentenced Edward S. Digges Jr. to 99 years in state prison for organizing and leading a multistate, fraudulent scheme involving the sale and lease of credit card and debit card terminals.

The jury convicted Digges of aggregated securities fraud on February 4, 2010.

Digges was indicted in December 2008 for intentionally failing to disclose relevant facts about himself and the investment program, including his 1990 federal conviction for mail fraud; an outstanding civil judgment against him for $3.1 million; and numerous state regulatory orders against him.

The majority of lease payments made to investors in the program came from other investors, not from money generated by placing the point-of-sale terminals with retailers.