Jan 15
2004

Christina Gonzalez

On January 15, 2004, Christina Gonzalez , of Corpus Christi, Texas, was indicted by a Nueces County Grand Jury for Theft and Securing Execution of Documents by Deception, both second degree felonies.

Jan 13
2004

Woody Keith Lowe

On January 13, 2004, Woody Keith Lowe pleaded Nolo Contendere to two 16-count indictments, charging Lowe with the sale of unregistered securities (Cause No. 44,99-C) and the sale of securities by an unregistered securities dealer or agent (Cause No. 44,992-C) in the 251st District Court of...

Jan 7
2004

Larry Don Johnson

On January 7, 2004, Larry Don Johnson was indicted by the Travis County Grand Jury, 331st Judicial District Court, for selling unregistered securities, selling securities without being registered as a securities dealer or agent and fraud in connection with the sale of securities. The indictment...

Dec 17
2003

Stuart R. Cole

On December 17, 2003, Stuart R. Cole of Dallas, Texas, was indicted by a U.S. District Court Grand Jury for the Northern District of Texas, Dallas Division, for four counts of securities fraud, three counts of mail fraud, one count of wire fraud, sixteen counts of interstate transportation of...

Dec 17
2003

Harold Wayne Griffin

On December 17, 2003, Harold Wayne Griffin of Clifton, Texas, was indicted by a U.S. District Court Grand Jury for the Northern District of Texas, Dallas Division, for one count of securities fraud, seven counts of mail fraud, and one count of wire fraud. Mr. Griffin is charged with unlawfully...

Oct 22
2003

Rufino Serna Muñoz, Carlos Mitreand , Jose Luis Balderas

On October 22, 2003, a federal grand jury in Corpus Christi, Texas, returned a 33 count indictment against Rufino Serna Muñoz and Carlos Mitre, of Corpus Christi, Texas, and Jose Luis Balderas, of Crystal City, Texas, in connection with an allegedly fraudulent international bank debenture and...

Sep 29
2003

Robert G. Caron

On September 29, 2003, a Harris County, Texas, jury convicted Robert G. Caron, 44, of Securities Fraud. He was sentenced by the Honorable Carol Davies to five years in prison and a $10,000.00 fine (Cause Number 0959702). Mr. Caron, the president of Starcom Telecom, Inc., had been indicted for...

Sep 18
2003

James Everett Surber

On September 18, 2003, James Everett Surber, pled guilty to the unlawful sale of unregistered securities and dealing in securities at a time when he was not registered as a securities dealer or agent, in violation of the Texas Securities Act. The plea was entered in the 230th District Court of...

Jun 10
2003

Lannie Blake Lown

On or about June 10, 2003, Lannie Blake Lown was indicted by a Harris County, Texas, Grand Jury for Theft over $200,000 and dealing in securities without registration. Mr. Lown is alleged to have stolen funds from hundreds of investors in connection with investments sold through One West...

May 23
2003

Westar Management Group, Inc.

On May 23, 2003, in the 290th District Court, Bexar County, Texas, Westar Management Group, Inc. entered a nolo contendre plea to selling unregistered securities, a felony violation of the Texas Securities Act. Pursuant to the plea, Westar Management Group, Inc. was ordered to pay restitution to...

Apr 30
2003

Mauricio A. Gutierrez

On April 30, 2003, Mauricio A. Gutierrez, of Irving, Texas, was sentenced to 88 months imprisonment and ordered to pay more than $52,000,000 in restitution to victims in connection with his convictions for Investment Advisor Fraud and Wire Fraud. Gutierrez was the President and Managing Director...

Apr 10
2003

Lannie Blake Lown

On April 10, 2003, Judge Margaret Cooper of the 353rd Judicial District Court, in Austin, Texas, ordered a temporary restraining order and a temporary receiver appointed against Lannie Blake Lown, One West Financial Services and others in connection with an alleged metals trading Ponzi-Scheme...

Apr 9
2003

Earl Dean Osbourn, Jr.

On April 9, 2003, Earl Dean Osbourn, Jr. , formerly of Dallas, was sentenced to 30 years in prison in connection with a fraudulent stock offering that occurred in the Amarillo area. Mr. Osbourn operated a company called Nature's Remedies and conducted stock sales during 1996 and 1997. In...

Feb 21
2003

Roy Birk

On February 21, 2003, Roy Birk, of Llano, Texas, was sentenced in the 290th Judicial District Court of Bexar County to three years probation for selling unregistered securities. The indictment related to the sale of Cash4Titles promissory notes to the public. The cause number was 2002CR 8427A...

Feb 13
2003

James Everett Surber

On or about February 13, 2003, James Everett Surber, of Houston, Texas, was indicted by a Harris County Grand Jury for securities fraud involving an amount over $100,000 and violations of the criminal registration provisions of the Texas Securities Act. The matter involves the sale of Cambridge...

Feb 12
2003

David M. Phillips, III

On February 12, 2003, David M. Phillips, III, was sentenced by U.S. District Court Judge Jorge A. Solis to serve 34 months in prison and ordered to pay approximately $2 million in restitution in connection with his conviction for securities fraud. The indictment related to misrepresentations...

Jan 9
2003

Lannie Blake Lown and One West Financial Services

On January 9, 2003, the Honorable Margaret Cooper of the 98th Judicial District Court, Travis County, Texas, closed the receivership established in 1998 in the matter of Kairos Financial Services (USA), LLC; El Crucero, Inc.; Thrift Dimensions, Inc. dba Economic Soultions Information Center;...

Jan 6
2003

Jack Dwight Sheppard

On January 6, 2003, Jack Dwight Sheppard was sentenced to 6 years in prison and restitution, in Harris County District Court, in connection with his guilty plea to a charge of Theft Over $200,000. Mr. Sheppard operated a Ponzi Scheme, offering investors 18% return and a share of profits. Funds...

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...

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