Dec 21
2011

Dennis Woods Bowden: Convicted

Dennis Woods Bowden was convicted Dec. 21 on four counts of securities fraud and five counts of mail fraud for his role in the AmeriFirst companies of Dallas, which sold $50 million worth of fraudulent debt obligations to more than 500 investors.

Bowden faces sentencing in U.S. District...

Nov 14
2011

William Erik Byrne: Convicted

William Erik Byrne of Corpus Christi on Nov. 14 signed a Judicial Confession and Stipulation in the 117th state District Court in Nueces County, admitting he sold $389,000 in investment contracts and promissory notes without being registered to do so.

Byrne acted as an unregistered...

Nov 9
2011

Michael Wallens Jr.: Sentenced, 5 Years

Michael Wallens Jr. of Plano was sentenced Nov. 9 to five years in federal prison for the sale of fraudulent promissory notes.

Wallens in 2010 pleaded guilty to count of securities fraud in U.S. District Court in Dallas, as did his father, Michael Wallens Sr.

The Wallenses and...

Nov 1
2011

Rodney Wagner and Roger Wagner: CFTC Civil Suit

The U.S. Commodity Futures Trading Commission (CFTC) Brothers sued brothers Rodney Wagner and Roger Wagner of Grand Prairie for operating a fraudulent foreign exchange (forex) Ponzi scheme.

The civil suit, filed Nov. 1 in U.S. District Court in Dallas, alleges the brothers raised $5.5...

Nov 1
2011

Fred Howard: Indicted

Fred Howard was indicted Nov. 1 in U.S. District Court in Dallas for federal securities fraud.

Howard, a Florida resident at the time of the alleged crime, sold partnership interests in Secured Capital Trust Ltd. of Florida.

According to the indictment, Howard bought shares in...

Oct 26
2011

Richard M. Plato: Indicted

Richard M. Plato of Baytown was indicted Oct. 26 in U.S. District Court in Houston on charges of mail and wire fraud and securities fraud.

Also charged were a business partner, Michael Derek Walker , and Tammy Renee Norris , described in the indictment as Plato's mistress.

Plato...

Oct 13
2011

William Paul Hudson: Indicted

William Paul Hudson of Plano was indicted Oct. 13 on charges of engaging in organized criminal activity, money laundering, theft, and securities fraud in connection with the proposed development of oil and gas wells in Gonzales County, east of San Antonio.

The indictment was issued by a...

Sep 28
2011

Carl Tinsley Ratner: Sentenced, 10 Years

Carl Tinsley Ratner of Trophy Club, northwest of Dallas, was sentenced to 10 years in state prison on Sept. 28 after he pleaded guilty to charges stemming from his sale of fraudulent oil and gas interests.

Ratner was one of five men indicted for their participation in Mack Diamond...

Sep 12
2011

John F. Langford: Sentenced, 15 Years

John F. Langford of Amarillo was sentenced to 15 years in state prison after pleading guilty in August to 15 counts of securities fraud and related charges.

Langford was indicted in 2009 for selling fraudulent and unregistered products such as "private annuities" and promissory notes...

Aug 3
2011

Donald Joseph Dean: Deferred Adjudication, Restitution

Donald Joseph Dean of Tyler pleaded guilty to selling unregistered securities on Aug. 3 and was placed on two years deferred adjudication.

Dean paid $90,000 to an investor in Mack Diamond Energy, a fraudulent energy company in Wolfe City.

Dean was one of five men indicted for...

Jul 27
2011

William Anthony Rand, Gregory K. Rand, and William N. Rand: Sentenced

William Anthony "Tony" Rand and two of his sons – Gregory K. Rand and William N. Rand – were sentenced on July 27 to federal prison terms for defrauding investors in an oil and gas scheme.

In U.S. District Court in Dallas, Tony Rand was sentenced to 5 years, 5 months; Gregory Rand and...

Jul 26
2011

John F. Langford: Guilty Plea

John F. Langford of Amarillo on July 26 pleaded guilty to 15 counts of securities fraud and other charges and admitted his fraud cost investors more than $5 million.

Langford was indicted in 2009 for selling fraudulent and unregistered products such as "private annuities" and promissory...

Jul 25
2011

Ramiro Lugo Amaya: Restitution

Ramiro Lugo Amaya of Corpus Christi was sentenced to 10 years in state prison for selling unregistered securities, but received a suspended sentence.

Amaya was placed on 10 years' probation and ordered to pay $157,345 in restitution.

The Order of Deferred Adjudication was...

Jul 22
2011

Michael Rouse: Sentenced, 17 1/2 Years

Michael Rouse of Wellington, Fla., was sentenced to 17.5 years in federal prison on July 22 for his part in a fraud that raised at least $2 million for a phony real estate investment trust.

Rouse co-founded Golden Gate Real Estate Investment Trust and promised investors safe returns of...

Jun 29
2011

Robbie Dale Walker: Arrested

Robbie Dale Walker of Dripping Springs was arrested June 29 on a charge of theft following an investigation by the Hays County Sheriff's Office, the Texas State Securities Board and the Secret Service.

Walker allegedly promised a 93-year-old Hays County woman that she would earn 15%...

Jun 20
2011

William June Fletcher Jr.: Sentenced, 25 Years

William June Fletcher Jr. of Plano was sentenced to 25 years in state prison on June 20 for stealing money from investors in his oil and gas scheme.

The sentence in Collin County state district court resulted from Fletcher's convictions on charges of theft and securities fraud.

...

Jun 9
2011

Karen P. Bowie: Indicted

Karen P. Bowie of Dallas was indicted June 9 in Collin County for her alleged role in the fraud perpetrated by Titan Wealth Management LLC of Plano.

Titan Wealth principal Thomas Lester Irby II is serving a 24-year state prison sentence after being convicted of money laundering....

Jun 8
2011

Kevin Dennis Hays: Deferred Adjudication

Kevin Dennis Hays of Euless on June 8 pleaded guilty to selling unregistered securities in connection with an investment scheme perpetrated by Mack Diamond Energy LLC of Hunt County.

The 196th state District Court in Hunt County placed Hays on community supervision for one year and...

May 26
2011

Reginald Lee Clark: Sentenced, 25 Years

Reginald Lee "Reggie" Clark of Woodway was sentenced to 25 years in state prison on May 26 after a Limestone County jury convicted him on a charge of theft.

Clark stole more than $400,000 from clients of his business, Clark Investment Advisors, which operated in Limestone County and...

May 24
2011

Ray M. White: Sentenced, 10 Years

Ray M. White was sentenced to 10 years in federal prison on May 24 and ordered to pay $9.4 million in restitution.

White, a North Texas resident, had pleaded guilty to one count of commodities fraud in U.S. District Court for the Northern District of Texas.

According to the...

Apr 25
2011

Chad Michael Hays: Sentenced, 25 Years

Chad Michael Hays was sentenced to 25 years in state prison on April 25 after being convicted on one count of securities fraud, eight counts of the sale of unregistered securities, and eight counts of sale of securities by an unregistered dealer or agent.

Hays was convicted in the 196th...

Apr 7
2011

Patricia Ann Noble: Deferred Adjudication, Restitution

Patricia Ann Noble on April 7 pleaded guilty to securities fraud for lying about the purchase of stock and stock options for investors in her firm, Noble Funds Asset Management of Denton.

The 362nd state District Court in Denton County deferred adjudication of Noble's guilt and ordered...

Apr 6
2011

Richard M. Plato: Indicted

Richard M. Plato was indicted on April 6 by a U.S. District Court grand jury in Houston on seven counts of mail fraud and two counts of securities fraud.

Plato, the owner of Momentum Production Corp. of Baytown, allegedly took in more than $5 million from investors in promissory notes...

Mar 31
2011

Thomas E. Grimshaw, Robert J. Mangiafico: Indicted

A Collin County grand jury on March 31 indicted Thomas Earl Grimshaw and Robert Joseph Mangiafico on charges of theft, money laundering, and engaging in organized criminal activity.

Grimshaw, of Frisco, and Mangiafico, who is currently detained in the Collin County jail, did business as...

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