Aug 11
2016

Michael Anthony Collins: Sentenced, 15 Years

Michael Anthony Collins pleaded guilty to charges of securities fraud, theft, and money laundering and was sentenced to 15 years on each count on Aug. 11 in Jim Wells County State District Court. The sentences will run concurrently.

Collins was also ordered to pay restitution of $3...

May 26
2016

Nicholas Baratoff: Indicted

Nicholas Baratoff Jr. was indicted on May 26 in Nueces County State District Court on two counts of misapplication of fiduciary property and one count of theft.

Baratoff operated an investment fraud in Nueces County from 2008 to 2015, according to the indictment. He allegedly sold...

May 24
2016

Allan George Cooper: Indicted

Allan George Cooper of Houston was arrested May 24 and charged with wire fraud and mail fraud in a $5 million investment fraud involving at least 50 victims.

According to the U.S. Attorney's Office for the Southern District of Texas, a federal grand jury returned the indictment of...

May 11
2016

Ronald Erik Lewis: Indicted

Ronald Erik Lewis of New Braunfels was indicted May 11 by a grand jury in Comal County State District Court for theft of property, money laundering, and fraudulent sale of securities in connection with the sale of investments in a "Stealth Wealth Program."

From 2008 to 2013, Lewis,...

May 11
2016

Richard Leal Ferguson: Indicted

Richard Leal Ferguson of Harlingen, a two-time convicted felon, was indicted May 11 in Cameron County on charges of securities fraud and theft for allegedly stealing more than $100,000 from investors for a small-business loan program.

Ferguson sold investments in "fast track loan...

May 6
2016

William Allen Risinger: Sentenced, 13 Years

William Allen Risinger of Round Rock was sentenced to 160 months in federal prison on May 6 for stealing money from investors in oil, gas, and mineral venture schemes.

Risinger raised an estimated $4.5 million from investors in the energy ventures. A money judgment was entered against...

Apr 19
2016

Robert B. Hahn: Sentenced, 3 Years

The office of U.S. Attorney John M. Bales of the Eastern District of Texas on April 19 announced that Robert Hahn , a former insurance agent in Tyler, was sentenced to three years in federal prison for wire fraud and money laundering.

Hahn collected $5.4 million from investors who were...

Apr 14
2016

Patrick Lee Downing: Indicted

Patrick Lee Downing of Mesquite, who allegedly sold working interests in an oil and gas joint venture, was indicted April 14 in Dallas County Criminal District Court on charges of securities fraud and theft.

Downing sold working interests in a project named the Stocker #1 Joint Venture...

Mar 29
2016

Derek A. Nelson: Sentenced, 19 Years

Derek A. Nelson was sentenced to 19 years in prison on March 29, one day after he was convicted of securities fraud in Collin County State District Court.

Nelson operated a real-estate investment program that would supposedly buy and renovate distressed properties. Nelson sold...

Feb 2
2016

Robert A. Helms, Janniece S. Kaelin: Indicted

Robert Allen Helms and Janniece S. Kaelin were indicted Feb. 2 in U.S. District Court in Austin on conspiracy, securities fraud, and wire fraud charges based on their sales of investments in oil and gas royalties.

Helms and Kaelin operated their company as a Ponzi scheme, according to...

Jan 29
2016

James Dean French: Indicted

James Dean French of Kennedale was indicted Jan. 29 in Harris County State District Court on a charge of securities fraud in connection with the sale of fractionalized interests in an oil well drilling enterprise in Jones County called the Swede Church Development Project.

According to...

Jan 15
2016

Rose Marie O'Reilly: Sentenced, 4 Years

The U.S. Attorney's Office for the Western District of Texas announced that former Austin resident Rose Marie O’Reilly, 63, of La Grange, was sentenced to four years in federal prison for her role in an estimated $1.4 million Ponzi scheme.

United States District Judge Sam Sparks also...

Dec 10
2015

Insignia Energy, Benchmark Operating Co: Indictments

A Collin County grand jury on Dec. 10 indicted seven individuals who sold interests in oil and gas well projects in Sabine Parish, La. The indictments collectively charge the defendants with multiple counts of securities fraud, theft, money laundering, and engaging in organized criminal...

Nov 19
2015

Robert B. Hahn: Guilty Plea

The office of U.S. Attorney John M. Bales announced that Robert B. Hahn of Tyler, a former insurance agent, pleaded guilty Nov. 19 to money laundering and wire fraud in U.S. District Court for the Eastern District of Texas. He faces up to 20 years in prison at sentencing. . .

Oct 29
2015

Michael Anthony Collins: Indicted

Michael Anthony Collins of Alice was indicted Oct. 29 on charges of securities fraud, theft, and money laundering for allegedly stealing at least $5 million from investors who sunk money into his stock-trading operation. . .

Oct 11
2015

Larry David Eckenrode: Indicted

Larry David Eckenrode of McKinney, a three-time felon, was arrested Sept. 29 and faces securities fraud, theft, and money laundering charges related to his sale of investments in a short-term lending program that was allegedly making loans to international fuel businesses. . .
 
Sep 9
2015

Rodney and Roger Wagner: Indicted

Rodney Lee Wagner and Roger Harvey Wagner, who promised investors huge profits through foreign currency trading, were indicted Sept. 9 in the U.S. District Court for the Eastern District of Texas on one count each of conspiracy to commit fraud and three counts each of wire fraud. . .

Sep 3
2015

Kenneth Wayne Graves: Sentenced, 7 Years

Kenneth Wayne Graves , a former investment adviser in Corpus Christi whose registration had been revoked by the Securities Commissioner, was sentenced to concurrent seven-year state prison terms Sept. 3 and ordered to pay $517,158 in restitution.

Graves entered his pleas in Corpus...

Aug 18
2015

David Elliott Rosen: Indicted

David Elliott Rosen of Austin was indicted Aug. 18 in Travis County State District Court on charges of securities fraud, theft, money laundering, and misapplication of fiduciary property for stealing money from people who bought membership interests in music concerts that were to be produced by...

Jun 15
2015

Kenneth Wayne Graves: Indicted

Kenneth Wayne Graves , a former investment adviser representative in Corpus Christi whose license to sell securities was revoked last year by the Texas Securities Commissioner, was arrested June 15 after having been indicted in Nueces County on fraud and other charges.

The indictment...

Jun 3
2015

William Allen Risinger: Indicted

William Allen Risinger of Round Rock was indicted in U.S. District Court in Austin on three counts of wire fraud and other charges for an alleged oil and gas scheme that raised $4.5 million from investors.

The indictment was handed down May 19 and unsealed June 3.

Risinger built...

May 5
2015

Robert James Tooney: Guilty Plea

Robert James Tooney of Dickinson was placed on six years community supervision May 5 in Galveston County State District Court after pleading guilty to a 3rd degree felony charge of misapplication of fiduciary property.

Galveston County Assistant District Attorney Robert Buss prosecuted...

Apr 27
2015

James Elton "Jim" Warr: Indicted

James Elton "Jim" Warr of Austin was indicted April 27 in Travis County for allegedly stealing more than $1 million from investors who bought investments in a program based on real estate notes and loans. Warr was indicted on charges of theft, securities fraud, money laundering, and...

Apr 2
2015

Robert Patrick McGann: Guilty Plea

Robert Patrick McGann of Cedar Park paid full restitution of $141,234 as part of a guilty plea to a charge of theft April 2 in Gregg County District Court.

The terms of the plea include seven years deferred adjudication and the surrender of his license to sell insurance in Texas....

Feb 26
2015

R. Gray, W. Rogers, R. James, D. James, McDermott: Indicted

Five individuals who controlled and played key roles in a life settlement company were indicted Feb. 26 in Collin County for securities fraud, theft, money laundering, and engaging in organizing criminal activity.

According to the indictments, Richard H. Gray and Wendy L. Rogers...

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