Dec 18
2013

Bruce Kyle Griffith: Sentenced, 8 Years and 3 Months

Bruce Kyle Griffith , the former CEO of Always Consulting Inc. (ACI) in Richardson, was sentenced to eight years and three months in federal on Dec. 18 in U.S. District Court in Dallas.

Griffith was also ordered to pay restitution of $2.5 million to investors in purported oil and gas...

Dec 5
2013

Robert A. Helms and Janniece S. Kaelin: SEC Lawsuit

In filings unsealed Dec. 5 in U.S. District Court in Austin, the Securities and Exchange Commission alleged that Robert A. Helms and Janniece S. Kaelin , Austin-based promoters of an oil and gas entity called Vendetta Royalty Partners.

The SEC’s civil lawsuit , which names other...

Nov 7
2013

Richard Hicks: Guilty Plea, 10 Years Adjudication

Richard Hicks of Tyler pleaded guilty pleaded guilty to securities fraud Nov. 7 in Smith County State District Court and was placed on 10 years adjudication. He was also ordered to pay $243,687 in restitution to 10 victims.

Smith had been indicted on a charge of securities fraud. Hicks...

Nov 7
2013

Alberto Alba Villarreal and Daniel Thomas Hernandez: Indicted

A Cameron County grand jury on Nov. 7 issued new indictments against Alberto Alba Villarreal and Daniel Thomas Hernandez.

The men are Brownsville residents who allegedly sold a fraudulent $1 million investment contract in Nafta Holdings LLC. The money was supposed to help fund a new...

Nov 6
2013

Tonie P. (formerly Tonie Perez): Sentenced, 10 Years

A Laredo who changed his legal name to Tonie P. (formerly Tonie Perez) was sentenced to 10 years in state prison on Nov. 6 in Bexar County State District Court.

Tonie P. was convicted of securing the execution of a document by deception against an elderly person – a retired U.S. Army...

Oct 22
2013

Paul Michael Harney: Sentenced, 5 Years

Paul Michael Harney of San Antonio pleaded guilty to two counts of theft from the elderly of between $1,500 and $20,000 was sentenced in Bexar County on Oct. 22 to concurrent five-year state prison sentences.

Harney was indicted in February 2012 on four of the theft from the elderly...

Oct 7
2013

Tracy Morgan Spaeth: Charged

Tracy Morgan Spaeth was arrested Oct. 7 at the Lubbock office of his business, Uncommon Wealth Management LLP, and charged with one count of securities fraud, two counts of the sale of securities by an unregistered dealer or agent, and two counts of the sale of unregistered securities.

...

Sep 27
2013

Brian Keith Blalock: Sentenced, 10 Years Probation

Brian Keith Blalock pleaded guilty to theft of property Sept. 27 in the 415th State District Court in Parker County and was sentenced to 10 years probation.

Blalock was the owner and operator of IEP Capital LLC in Fort Worth, which managed the IEP Oil Fund LP, a fraudulent investment...

Sep 26
2013

Richard D. Hicks: Indicted

Richard D. Hicks of Tyler was indicted on securities fraud charges Sept. 26 in the 241st State District Court in Smith County.

Hicks sold promissory notes issued by National Note of Utah LC, which the Securities and Exchange has charged is a $100 million real-estate based Ponzi scheme....

Sep 26
2013

William C. Mays: Indicted

William C. Mays was indicted Sept. 26 in the 105th State District Court in Nueces County on charges of securities fraud, securing the execution of a document by deception, theft, and money laundering.

The charges stem from Mays’ allegedly fraudulent investment scheme in which told...

Sep 18
2013

Robert Joseph Mangiafico Jr.: Sentenced, 40 Years

Robert Joseph Mangiafico Jr. was sentenced to 40 years in state prison on Sept. 18 in the 380th State District Court in Collin County.

Mangiafico had pleaded guilty to charges of theft and money laundering . Mangiafico stole approximately $655,000 from elderly women in North Texas whom...

Sep 11
2013

Sami A. London: Sentenced, 10 Years Deferred Adjudication

Sami A. London , also known as Sami Asifali Mahomed, pleaded guilty Sept. 11 to one count of securities fraud in Tom Green County state District Court. London was sentenced to 10 years deferred adjudication and ordered to pay a total of $202,000 in restitution to five victims.

London...

Sep 9
2013

Leland Alan Dykes: Guilty Plea

Leland Alan Dykes of Houston pleaded guilty Sept. 9 to one charge of misapplication of fiduciary property and is scheduled to be sentenced in Harris County state District Court on Nov. 11.

Two companies Dykes founded sold approximately $1 million in fraudulent Secured Debt Obligations (...

Sep 4
2013

David Kevin Lewis: Convicted

A U.S. District Court jury in Dallas on Sept. 4 convicted David Kevin Lewis , also known as “David Shane Lewis” and “DW,” on one count of conspiracy to commit securities fraud and 23 counts of securities fraud. Sentencing is scheduled for Dec. 20.

Lewis, who in 2000 was convicted of...

Aug 28
2013

Alberto Alba Villarreal, Daniel Thomas Hernandez: Indicted

Alberto Alba Villarreal and Daniel Thomas Hernandez , both of Brownsville, were indicted Aug. 28 in Cameron County on charges of theft of property and selling securities without being registered. The cases are in the 445th State District Court.

The indictments allege that Villarreal and...

Jul 19
2013

Kenneth Paul Lawrence: Sentenced, 5 Years

Kenneth Paul Lawrence of Allen was convicted July 19 on charges of money laundering and engaging in organized criminal activity related to his role in raising money for a purported biodiesel plant in Hunt County. Lawrence was sentenced the week of July 22 to five years on the money laundering...

Jun 6
2013

Michael D. Alexander: Probated Sentence, Restitution

Michael D. Alexander was convicted of securities fraud and theft in Rockwall County state District Court on June 6 and ordered to pay restitution of $175,000 to three investors in a non-existent timber-harvesting project Alexander claimed to operate along the Amazon River.

Alexander,...

Apr 9
2013

Robbie Dale Walker: Sentenced, 25 Years

Robbie Dale Walker of Dripping Springs was sentenced to 25 years in state prison on April 9 for stealing money from two elderly women in Hays County. Walker told the women they could earn annual returns of at least 15% from oil and gas projects in North Dakota. The projects did not exist, and...

Apr 4
2013

John W. Wagner: Probated Sentence, Fine

John W. Wagner of Columbus was sentenced to two years federal probation on April 4 and ordered to pay a $10,000 fine for his role as the former certified public accountant and bookkeeper for Momentum Production Corp.

Wagner pleaded guilty in 2011 to one count of misprision of a felony...

Apr 3
2013

Daniel Christopher Walsh: Indicted

Daniel Christopher Walsh of Houston was indicted April 3 in Wichita County on charges of theft, money laundering, and securing execution of a document by deception for allegedly stealing from investors who thought their funds would be used to pay for oil well drilling projects in Galveston...

Mar 28
2013

Richard M. Plato: Sentenced, 235 Months

Richard M. Plato , the founder of Momentum Production Corp., an oil-and-gas exploration company in Baytown, was sentenced to 235 months in federal prison on March 28 and ordered to pay $3 million in restitution to investors in Momentum.

Plato was convicted Sept. 24, 2012, on five counts...

Mar 21
2013

Robert Roland Langguth: Sentenced, 4 Years

Robert Roland Langguth was sentenced to four years in federal prison on March 21 for operating a real estate fraud in Central Texas.

Langguth had pleaded guilty to one count of wire fraud and one count of money laundering in perpetrating a fraud that cost investors at least $7 million....

Mar 13
2013

Brian Keith Blalock: Indicted

Brian Keith Blalock was arrested March 13 in Tarrant County, five weeks after his indictment in Parker County for theft of property.

Blalock allegedly stole money from investors in IEP Oil Fund LP, an investment program he operated. According to the indictment, Blalock spent investors'...

Pages