Dec 18
2000

Steven Frank Lovato: Sentenced, 6 Years

On December 18, 2000 Steven Frank Lovato was sentenced to six years in state prison after his conviction on charges of securities fraud and misapplication of fiduciary property in the 263rd District Court of Harris County, Texas.

Lovato was a day trader who obtained the retirement funds...

Dec 14
2000

Russell Erxleben: Receivership Action

On December 14, 2000 the Honorable Paul Davis of the 250th District Court of Travis County, Texas approved the first distribution of assets to investors defrauded by Russell Erxleben and Austin Forex International, Inc.

Janet Mortenson, the receiver appointed pursuant to an action...

Dec 14
2000

Terry Don Rader: Sentenced, 4 Years

On December 14, 2000, Terry Don Rader of Pittsburg was sentenced by Federal Judge Robert B. Maloney to four years in prison to be followed by three years supervised release and to pay $2.4 million in restitution in connection with his conviction for violating Title 18, United States Code Section...

Nov 1
2000

Mario Alberto Garza: Guilty Plea

On November 1, 2000, in the United States District Court for the Western District of Texas, San Antonio Division, Mario Alberto Garza pled guilty to two counts of uttering forged securities of an organization, in violation of 18 USC 513(a).

The penalty for each offense is a maximum term...

Oct 31
2000

James F. Ricker: Convicted

On October 31, 2000, in the 175th Judicial District Court of Bexar County, James F. Ricker was convicted of Misapplication of Fiduciary Property and unlawfully dealing in securities in connection with the issuance of promissory notes to the public.

Ricker agreed to repay $6 million and...

Oct 16
2000

Ronald Joe Blackledge: Sentenced, 12 Years

On October 16, 2000, Ronald Joe Blackledge of Alvarado was convicted and sentenced to 12 years in prison and $388633.71 restitution in connection with convictions for Securities Fraud related to oil and gas offerings made through AllTex Petroleum of Alvarado.

Blackledge was convicted of...

Oct 12
2000

Edgar Davis Hartigan: Sentenced, 5 Years

On October 12, 2000, Edgar Davis Hartigan was sentenced to five years confinement in the Texas Department of Criminal Justice after a conviction for the offense of securities fraud.

Operating on the Internet, Hartigan offered high interest investments to the public in the form of...

Sep 26
2000

David Carl McIntosh: Sentenced, 168 months

On September 26th, 2000, Chief United States District Judge James R. Nowlin entered judgment against David Carl McIntosh in connection with the conviction of Mr. McIntosh, after a jury trial, of numerous counts of wire fraud, mail fraud, conspiracy and money laundering.

The investment...

Sep 18
2000

Russell Erxleben: Sentenced, 7 Years

On September 18, 2000, United States District Court Judge James R. Nowlin sentenced Russell Erxleben to a total of 84 months in prison, $28 million in restitution and a one million dollar fine for engaging in securities fraud and conspiring to engage in wire fraud, money laundering and mail...

Aug 31
2000

John Patrick Brink

On August 31, 2000 John Patrick Brink was sentenced to 60 years in prison by Judge Sam Robertson, a Harris County District Court Judge. Brink pled guilty to securities fraud and misapplication of fiduciary property. The action against Brink was based on the offer and sale of securities through...

Aug 31
2000

Robert H. Shields

On August 31, 2000, the Texas Court Of Appeals, Third District-Austin, issued a decision upholding the issuance of an injunction and the award of restitution in the amount of $997,195.21 against Robert H. Shields ,for engaging in securities fraud. The appeal raised 12 points of claimed error and...

Aug 25
2000

Eldon D. Young and Michael D. Young

On August 25, 2000, Eldon D. Young and Michael D. Young were sentenced to 10 years probation and $138,000 restitution each, in the 291st Judicial District Court Of Dallas. The cases resulted from an investigation into the offering of interests in the Chase S.A. Distribution Venture, L.C. and the...

Aug 23
2000

Sherry Keisling and H. Bradley Bertrand

On August 23, 2000, a Midland County, Texas grand jury returned 12 indictments against Sherry Keisling and H. Bradley Bertrand for violations of the Texas Securities Act and other violations. Keisling, doing business as Cornerstone Financial in Midland, Texas, sold approximately $1.5 million in...

Aug 14
2000

John Colmant Rockett

On August 14, 2000, John Colmant Rockett was sentenced to 51 months in prison followed by three years supervised release and ordered to pay restitution of $2,532.960. Rockett pled guilty to two counts of mail fraud and seven counts of interstate transportation of stolen property stemming from a...

Aug 3
2000

Terry Don Rader

On August 3, 2000, Terry Don Rader , 47, of Pittsburg, Texas, pled guilty to one count of an indictment in Cause no. 3:00-CR-191-T in the Dallas Division of the Northern District of Texas, charging a violation of Title 18, United States Code Section 1030(a)(4), computer fraud for exceeding his...

Jul 18
2000

William Edward Stewart

On July 18, 2000, William Edward Stewart pleaded guilty to one count of the sale of an unregistered security in Harris County. Mr. Stewart was subsequently sentenced to two years confinement in the Texas Department of Criminal Justice, Institutional Division. The cause number in this matter is...

Jul 14
2000

John Patrick Brink

On July 14, 2000 John Patrick Brink pled guilty to one count of securities fraud and one count of misapplication of fiduciary property. Brink was alleged to have intentionally failed to disclose material information and to have misapplied investor funds in connection with a securities offering...

Jun 14
2000

Bradley J. Farley

On the 14th day of June, 2000, Bradley J. Farley was indicted by a Bexar County Grand Jury for securities fraud and related violations in connection with a securities offering. Farley is alleged to have intentionally failed to disclose material facts including personal uses of investor-derived...

Jun 14
2000

James De La Garza

On the 14th day of June, 2000, James De La Garza was indicted by a Bexar County Grand Jury for securities fraud and related violations. Mr. De La Garza is alleged to have intentionally failed to disclose prior felony convictions and fabricating certificates of deposit in connection with a...

May 18
2000

John Colmant Rockett

On May 18, 2000 John Colmant Rockett pled guilty to two counts of mail fraud and seven counts of interstate transportation of stolen property. The plea stems from an indictment which charged Rockett with defrauding investors in connection with a securities offering. The investments were offered...

May 12
2000

Dale Alan Pickard

On May 12, 2000, Dale Alan Pickard was indicted by a Harris County Grand Jury for securities violations. The cause numbers are 844425 and 844426 in the 338th Judicial District Court. If convicted, Mr. Pickard's sentence may be enhanced based upon prior securities convictions that occurred in May...

Mar 10
2000

William Edward Stewart

On March 10, 2000, William Edward Stewart was sentenced to 20 years confinement in the federal penitentiary. Stewart had previously been indicted by a federal grand jury in the U.S.District Court in the Eastern District of Texas for conspiracy, wire fraud, aiding and abetting an offense and...

Mar 6
2000

Leonard Wayne

On March 6, 2000 Leonard Wayne was sentenced to 27 months in prison and ordered to pay $20,000 in restitution. Wayne was previously indicted for his alleged role in defrauding investors in connection with a securities offering by Pro-Tex Corporation. Wayne pled guilty to interstate...

Jan 21
2000

Burrell Murchison and Richard Alan Murchison

On January 21, 2000, Burrell Murchison and Richard Alan Murchison were sentenced to 16 years confinement in the Texas Department of Criminal Justice, Institutional Division. The Murchisons had previously been indicted by a Harris County Grand Jury for securities fraud, and they were subsequently...

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