Jun 17
2020

Tommie “Tom” Carter Jr: Arrested

On June 17, Tommie “Tom” Carter Jr., from central Texas, was arrested after being charged with securities fraud, theft, misapplication of fiduciary property and money laundering as part of a white-collar criminal investment scheme.

Carter allegedly sold investments referred to as the...

Jun 3
2020

Richard Leal Ferguson: Arrested

On June 3, 2020, Richard Leal Ferguson was arrested on charges of securities fraud and theft . He was also arrested and charged with aggravated sexual assault of a child. He was confined in the Cameron County Jail and his bond was set, collectively, at $700,000.00.

Ferguson is already...

Mar 27
2020

William Neil 'Doc' Gallagher: Sentenced to 25 Years, $10.3 Million Restitution

William Neil “Doc” Gallagher, the self-styled "Money Doctor" who advertised frequently on Christian radio in North Texas, was sentenced to 25 years in state prison on March 27 and ordered to pay $10,386,816 in restitution to the victims of the long-running fraud he operated from his retirement...

Feb 19
2020

Brett Pittsenbargar: Indicted

Brett Pittsenbargar , an Austin insurance agent who allegedly sold $9.3 million in fraudulent investments, was arrested Feb. 19 to face first-degree felony charges of securities fraud , money laundering , and theft .

A Travis County grand jury's Feb. 4 indictment of Pittsenbargar was...

Feb 13
2020

Brian Keith Alfaro: Convicted

A federal jury in San Antonio on Feb. 13 found Brian Keith Alfaro guilty of seven counts of mail fraud in connection with defrauding investors in Primera Energy LLC , the oil and gas exploration company he owned.

Alfaro's sentencing is scheduled for June 22.

The 2018 indictment...

Feb 13
2020

Charles McAllister: Sentenced to 10 Years

U.S. District Judge Lee Yeakel on Feb. 13 sentenced Charles McAllister , the CEO of Austin-based Bullion Direct Inc. , to 10 years in prison and ordered him to pay $16.1 in restitution to 5,800 victims of his scheme.

A jury in U.S. District Court in Austin convicted McAllister on Oct. 4...

Jan 16
2020

James A. Reid: 6 Years Community Supervision, Restitution

James A. Reid of Cedar Park, a former stockbroker, was sentenced to six years deferred adjudication and ordered to pay $93,500 in restitution to investors in his company's short-term investments fund. Reid was sentenced Jan. 16 in the 331st District Court of Travis County. He paid $75,000 of his...
Dec 19
2019

Nathaniel A. Brooks Jr.: Sentenced to 1 Year, Restitution

Nathaniel Anthony Brooks Jr. , who pleaded guilty to a fraudulent commodity trading scheme, was sentenced to one year and one day in federal prison in U.S. District Court in Austin on Dec. 20. Brooks pleaded guilty in October to a charge of monetary transaction in criminally derived property...

Dec 18
2019

Ekeoma Jerry Onyeukwu: Indicted

A U.S. DIstrict Court grand jury in Austin on Dec. 17 indicted Ekeoma Jerry Onyeukwu , a resident of Nigeria who spoofed the Texas State Securities Board website to make it appear individuals who lost money in the worldwide BitConnect cryptocurrency fraud were eligible for partial refunds....

Dec 9
2019

Sean Patrick Riley: 10 Years Community Supervision, Restitution

Sean Patrick Riley of San Antonio was sentenced to 10 years deferred adjudication after pleading guilty to second-degree securities fraud in the 188th District Court of Gregg County.

Riley paid $5,000 in restitution up front in the plea deal and was ordered to pay an additional $48,500...

Nov 4
2019

Mejdi Mahmoud Abousaoui: Indicted

Mejdi Mahmoud Abousaoui was indicted Nov. 4 by a Fort Bend County grand jury on charges of securities fraud, money laundering, theft, and misapplication of fiduciary property.

According to the indictment, Abousaoui raised more than $4 million from at least 70 investors from early 2015...

Oct 4
2019

Charles McAllister: Convicted

A jury in U.S. District Court in Austin on Oct. 4 convicted Charles McAllister , the former CEO and owner of the Austin-based precious metals firm Bullion Direct Inc. , of two counts of wire fraud and one count of engaging in a monetary transaction with criminally derived property.

...

Jul 17
2019

Daniel Christopher Walsh: Indicted (Harris County)

A Harris County grand jury indicted Daniel Christopher Walsh July 17 on first degree felony charges of securities fraud, money laundering, and theft in connection with the sale of investments in oil wells that were supposed to be drilled in Galveston County.

The indictments were handed...

Jul 12
2019

Daniel Christopher Walsh: Sentenced, 18 Years

Daniel Christopher Walsh , a Galveston oilman who made money by keeping investor funds in his pockets – not in the ground, drilling wells –was sentenced to 18 years in state prison on July 12 after reaching a plea agreement in his fraud trial in Wichita County.

Walsh pleaded guilty to...

May 1
2019

Danny Ray Digman and Donald Gregg Titus: Indicted

Danny Ray Digman , who served time in state prison in the early 2000s for operating a fraudulent investment program based on the revenue from mobile ATMs in Central Texas, was indicted May 1 in Randall County on multiple felony charges for allegedly perpetrating the same ATM fraud in the Texas...

Mar 12
2019

William Neil Gallagher: Indicted

William Neil “Doc” Gallagher , who promoted his investment business on Christian radio and in books like “Jesus Christ, Money Master,” was arrested March 8 on first-degree state felony charges of securities fraud and money laundering in Dallas County. Prosecutors disclosed the arrest on March...

Feb 19
2019

Christopher Matthew Meredith: Indicted

Christopher Matthew Meredith was indicted Feb. 19 in the U.S. District Court for the Western District of Texas on charges that he defrauded individuals in Brenham who invested in a company Meredith said would open medical marijuana dispensaries in conjunction with the federal government....

Dec 17
2018

James A. Reid: Indicted

A Travis County grand jury on Dec. 17 indicted James A. Reid , a former stockbroker in Austin, on first-degree felony charges of securities fraud, money laundering, and theft in connection with a short-term investments fund he operated at his company, Reid Capital LLC .

Reid sold...

Dec 7
2018

Juan Miguel Lopez: Sentenced, 79 Years

A Dallas County state court jury sentenced Juan Miguel Lopez to 79 years in prison on Dec. 7 – one year for each of the victims Lopez defrauded in a $4.9 million scheme involving the sale of business contracts to fund small business loans.

The jury found Lopez guilty on charges of money...

Nov 28
2018

Brian Keith Alfaro: Indicted

A federal grand jury in San Antonio indicted Brian Keith Alfaro on Nov. 28 on eight counts of mail fraud for allegedly defrauding investors in Primera Energy LLC , the oil and gas exploration company he owned.

The indictment alleges that Alfaro misrepresented to investors that their...

Nov 20
2018

Allan Jacob Barber: 10 Years Probation, Restitution

Allan Jacob Barber of Houston, who pleaded guilty to the fraudulent sale of a security and theft of property in Fort Bend County District Court, was sentenced Nov. 20 to 30 days in state jail, 10 years' probation, and a $10,000 fine. Barber was also ordered to pay $208,976 in restitution to the...

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