Dec 13
2002

Kenneth Dale Ledford

On December 13, 2002, in the 297th District Court, Tarrant County, Kenneth Dale Ledford pleaded guilty to four indictments alleging securities violations involving the sale of Financial Federated Title and Trust, Inc./American Benefits Services, Inc. viatical certificates and Cambridge...

Dec 12
2002

Carey Bernard Caldwell aka Bernard Talib Din Hasen

The Court of Appeals for the First District Of Texas affirmed the six judgments of conviction of Carey Bernard Caldwell aka Bernard Talib Din Hasen, entered by the 180th District Court Court, Harris County, Texas. Mr. Caldwell aka Hasan was sentenced to 18 years in prison in connection with the...

Nov 26
2002

Merrill Lynch, Pierce, Fenner & Smith, Inc.

On November 26, 2002, in connection with a multi-state action, Merrill Lynch, Pierce, Fenner & Smith, Inc. paid a fine to the State Of Texas in the amount of $3,473,787. Additionally, the firm has agreed to abide by a wide variety of rules regarding its research practices. The Order in the...

Oct 29
2002

Brian Russell Stearns and Trans-Global Asset Management, Inc

On October 29, 2002, the 200th Judicial District Court of Travis County ordered distribution of $598,785 to the Caron Peregrine Strategies Investor Group in connection with a receivership over the assets of Brian Russell Stearns and Trans-Global Asset Management, Inc. , cause number GV 100254,...

Oct 28
2002

Ronald J. Clifton: Sentenced, 10 Years

On October 28, 2002, ex-stockbroker Ronald J.Clifton was sentenced to 10 years in federal prison and ordered to repay investors over $6 million by United States District Judge W. Royal Furgeson.

Clifton defrauded Odessa area investors of over $6 million dollars in a Ponzi-scheme in which...

Sep 29
2002

Ferdinand Lentz and Roy Birk

On September 29, 2002, a Bexar County Grand Jury presented indictments to the 144th Judicial District Court alleging violations of the Texas Securities Act by Ferdinand Lentz , of San Antonio, Texas and Roy Birk , of Llano, Texas. Additionally, Mr. Lentz is alleged to have misapplied fiduciary...

Aug 29
2002

Cameron O. Bailey

On August 29, 2002, Cameron O. Bailey was sentenced by Judge Thomas B. Thorpe to eight (8) years confinement in the penitentiary, a $5000 fine and $500,000 restitution in connection with his conviction for the offense of securities fraud. Additionally, Mr. Bailey was sentenced to two concurrent...

Aug 26
2002

Cameron O. Bailey

On August 26th, 2002, Cameron O. Bailey was convicted by a Dallas Jury of securities fraud and related securities violations in connection with his sales of Cambridge International Bank & Trust Company, LTD certificates of deposit. Cambridge was chartered in Granada, West Indies. None of the...

Aug 5
2002

Richard T. Taylor

On August 5, 2002, Richard T. Taylor , age 52, was sentenced by the Honorable United States District Judge Barbara M. G. Lynn to 10 years imprisonment, and ordered to pay $3.3 million in restitution to victims of his crime. Taylor pled guilty in March 2002 to one count of securities fraud and...

Jul 25
2002

Burrell Murchison and Richard Murchison

On July 25, 2002, the Fourteenth Court of Appeals affirmed the convictions of Burrell Murchison and Richard Murchison for securities fraud, in Harris County , Texas. The case involved the alleged fraudulent sale of debentures issued by the Murchison Group, Inc. to investors in Harris County. The...

Jul 11
2002

James E. Hurley

On July 11, 2002, James E. Hurley , an agent and representative for The Equitable Life Assurance Society of the United States, (Equitable), pled guilty in federal court in Dallas to one count of mail fraud, stemming from his scheme to steal a client's invested funds. Hurley, age 46, faces a...

Jun 5
2002

Ronald Jay Clifton

On June 5, 2002, Ronald Jay Clifton of Odessa, Texas pled guilty to one count of conspiracy to commit securities, mail and wire fraud before United States Magistrate L. Stuart Platt. Mr. Clifton engaged in a scheme to defraud Odessa area investors of approximately $5.4 million. Mr. Clifton,...

May 14
2002

Ronalee Levy Orlick

On May 14, 2002, Ronalee Levy Orlick , of Wellington, Florida, was sentenced to 4 years probation in connection with her role as an unregistered dealer in the sale by American Benefits Services, Inc. of Financial Federated Title & Trust, Inc. securities to the public. The cause number was...

May 14
2002

Brian Russell Stearns

On May 14, 2002, Judge John Dietz of the 53rd District Court, Travis County, Texas, ordered distribution of $3,164,488.36 to the Brady/Doyal investor group in connection with a receivership over the assets of Brian Russell Stearns and Trans-Global Asset Management, Inc. , cause number GV 100254...

May 9
2002

Hugh Maxwell Roth

On May 9, 2002, in the 203rd Judicial District Court, Dallas County, Hugh Maxwell Roth was sentenced to 10 years in state prison for violating the terms of his probation in Cause # F00-01971. Mr. Roth previously was placed on 10 years probation in connection with a nollo plea to an indictment...

Apr 26
2002

Kevin Dewayne Spencer and Lisa L. Dale

On April 26, 2002, after a two week jury trial before The Honorable United States District Judge Sam A. Lindsay, Kevin Dewayne Spencer and Lisa L. Dale were convicted by a Dallas jury on more than 80 counts each including securities fraud, wire fraud, money laundering. Two co-defendant's, Andrew...

Mar 27
2002

Jesse Aguilar

On March 27, 2002, Jesse Aguilar of Round Rock, Texas, was sentenced by United States District Court Judge Sam Sparks to 51 months in federal prison to be followed by three years supervised release and restitution of over $1.2 million dollars in connection with his conviction for conspiracy to...

Mar 6
2002

Andrew Ramsey

On March 6, 2002, Andrew Ramsey , age 36, pled guilty to interstate transportation of money obtained by fraud, in United States District Court, Dallas. Mr. Ramsey was indicted, along with other alleged co-conspirators, in connection with the sale of high yield investments relating to Progressive...

Feb 20
2002

Woody Keith Lowe

On February 20, 2002, Woody Keith Lowe was indicted by a Potter County Grand Jury in connection with the alleged sale of Omne SRL promissory notes in violation of the criminal provisions of the Texas Securities Act. In total, Mr. Lowe is alleged to have sold over $800,000 of the notes to...

Feb 13
2002

Cameron O. Bailey

On February 13, 2002, Cameron O. Bailey was indicted by a Dallas County Grand Jury in connection with the sale of offshore certificates of deposit issued by Cambridge International Bank & Trust Company, Ltd. as well as for selling Taormina Omne SRL promissory notes. The grand Jury handed...

Jan 18
2002

Charles E. Cole also know as Chuck Cole

On January 18, 2002, Charles E. Cole also know as Chuck Cole , pled guilty to two 56 count indictments alleging securities related violations, in the 249th District Court, in Johnson County, Texas. The case numbers are F34939/34940. Pursuant to his guilty plea Mr. Cole was sentenced to 5 years...

Jan 15
2002

Sharon June Hutchison

On January 15, 2002, Judge R.E. Thornton for the 297th District Court for Tarrant County, Texas sentenced Sharon June Hutchison to nine years in prison in connection with her conviction for selling securities without being registered as a securities dealer or agent. Hutchison worked as a sales...