Mar 10

Dean Lester Springer: Sentenced, 12 Months and 1 Day

Dean Lester Springer of Palm Desert, Calif., was sentenced on Feb. 24 to one year and one day in federal prison for helping to defraud investors who bought interests in shipping containers. Springer, who had earlier pleaded guilty to one count of securities fraud, was sentenced in the U.S....

Feb 27

Patrick Lee Downing: 10 Years Probation

Patrick Lee Downing of Mesquite pleaded guilty to securities fraud and theft in Dallas County State District Court on Feb. 27 for defrauding investors in and oil and gas drilling venture. Downing was sentenced to 10 years probation and ordered to a total of $162,500 in restitution.


Jan 30

Ronald Terry Dunn: Indicted

Ronald Terry Dunn of Haltom City was indicted Jan. 30 in Tarrant County for theft of property of between $100,000 and $200,000. The victims named in the indictment are 65 years of age or older, which under state law makes the charge a first-degree felony.

Dunn is a former registered...

Dec 20

John Patrick Acord: Sentenced, 5 Years

John Patrick Acord was sentenced to five years in federal prison on Dec. 20 and ordered to pay $8.2 million in restitution after pleading guilty to securities fraud in U.S. District Court for the Southern District in Houston.

Acord was the chief financial officer of Intermodal Wealth...

Dec 15

Everett Craig Williams: Indicted

Everett Craig Williams of Round Rock was indicted by a Nueces County Grand Jury on Dec. 15 on one charge of securities fraud for allegedly selling investment agreements issued by Favor Ministries Inc. without telling investors he owes more than $5 million in civil judgments and tax liens....

Dec 5

Reynaldo Peralez: Indicted

Reynaldo Peralez of San Antonio was indicted Dec. 5 by a Bexar County grand jury for securing the execution of a document by deception to perpetrate an investment fraud.

According to the indictment, from 2009 to 2010 Peralez raised $39,000 from one investor in five separate transactions...

Nov 17

Timothy Lloyd Booth: Indicted

Timothy Lloyd Booth of Plano was indicted for securities fraud and other charges in connection with raising $6.3 million from investors in StaMedia Inc. of Dallas, an internet advertising company, and spending some of the funds on luxury automobiles and other personal expenses.


Nov 8

Susan Gay Pruitt: Sentenced, 22 Years

Susan Gay Pruitt, who sold interests in non-existent oil and gas exploration projects in Texas and three other states, was sentenced to 22 years in prison on Nov. 8 in Collin County State District Court.

Pruitt pleaded guilty to theft and money laundering. Judge Benjamin N. Smith...

Sep 22

Cammie R. Booth: Indicted

Cammie R. Booth of Plano was indicted Sept. 22 in Collin County State District Court on one count of securing execution of document by deception and six counts of making false statements to obtain property or credit.

The indictment alleges that Booth made false statements to automobile...

Aug 11

Michael Anthony Collins: Sentenced, 15 Years

Michael Anthony Collins pleaded guilty to charges of securities fraud, theft, and money laundering and was sentenced to 15 years on each count on Aug. 11 in Jim Wells County State District Court. The sentences will run concurrently.

Collins was also ordered to pay restitution of $3...

May 26

Nicholas Baratoff: Indicted

Nicholas Baratoff Jr. was indicted on May 26 in Nueces County State District Court on two counts of misapplication of fiduciary property and one count of theft.

Baratoff operated an investment fraud in Nueces County from 2008 to 2015, according to the indictment. He allegedly sold...

May 24

Allan George Cooper: Indicted

Allan George Cooper of Houston was arrested May 24 and charged with wire fraud and mail fraud in a $5 million investment fraud involving at least 50 victims.

According to the U.S. Attorney's Office for the Southern District of Texas, a federal grand jury returned the indictment of...

May 11

Richard Leal Ferguson: Indicted

Richard Leal Ferguson of Harlingen, a two-time convicted felon, was indicted May 11 in Cameron County on charges of securities fraud and theft for allegedly stealing more than $100,000 from investors for a small-business loan program.

Ferguson sold investments in "fast track loan...

May 11

Ronald Erik Lewis: Indicted

Ronald Erik Lewis of New Braunfels was indicted May 11 by a grand jury in Comal County State District Court for theft of property, money laundering, and fraudulent sale of securities in connection with the sale of investments in a "Stealth Wealth Program."

From 2008 to 2013, Lewis,...

May 6

William Allen Risinger: Sentenced, 13 Years

William Allen Risinger of Round Rock was sentenced to 160 months in federal prison on May 6 for stealing money from investors in oil, gas, and mineral venture schemes.

Risinger raised an estimated $4.5 million from investors in the energy ventures. A money judgment was entered against...

Apr 19

Robert B. Hahn: Sentenced, 3 Years

The office of U.S. Attorney John M. Bales of the Eastern District of Texas on April 19 announced that Robert Hahn , a former insurance agent in Tyler, was sentenced to three years in federal prison for wire fraud and money laundering.

Hahn collected $5.4 million from investors who were...

Apr 14

Patrick Lee Downing: Indicted

Patrick Lee Downing of Mesquite, who allegedly sold working interests in an oil and gas joint venture, was indicted April 14 in Dallas County Criminal District Court on charges of securities fraud and theft.

Downing sold working interests in a project named the Stocker #1 Joint Venture...

Mar 29

Derek A. Nelson: Sentenced, 19 Years

Derek A. Nelson was sentenced to 19 years in prison on March 29, one day after he was convicted of securities fraud in Collin County State District Court.

Nelson operated a real-estate investment program that would supposedly buy and renovate distressed properties. Nelson sold...

Feb 2

Robert A. Helms, Janniece S. Kaelin: Indicted

Robert Allen Helms and Janniece S. Kaelin were indicted Feb. 2 in U.S. District Court in Austin on conspiracy, securities fraud, and wire fraud charges based on their sales of investments in oil and gas royalties.

Helms and Kaelin operated their company as a Ponzi scheme, according to...

Jan 29

James Dean French: Indicted

James Dean French of Kennedale was indicted Jan. 29 in Harris County State District Court on a charge of securities fraud in connection with the sale of fractionalized interests in an oil well drilling enterprise in Jones County called the Swede Church Development Project.

According to...

Jan 28

Larry Benny Groover: Sentenced, 12 Months and 1 Day

Larry Benny Groover was sentenced to one year and one day in federal prison on Jan. 28 in the U.S. District Court for the Eastern District of Texas.

Groover pleaded guilty to two counts of engaging in monetary transactions in property derived from specified unlawful activity in...

Jan 15

Rose Marie O'Reilly: Sentenced, 4 Years

The U.S. Attorney's Office for the Western District of Texas announced that former Austin resident Rose Marie O’Reilly, 63, of La Grange, was sentenced to four years in federal prison for her role in an estimated $1.4 million Ponzi scheme.

United States District Judge Sam Sparks also...

Dec 10

Insignia Energy, Benchmark Operating Co: Indictments

A Collin County grand jury on Dec. 10 indicted seven individuals who sold interests in oil and gas well projects in Sabine Parish, La. The indictments collectively charge the defendants with multiple counts of securities fraud, theft, money laundering, and engaging in organized criminal...

Nov 19

Robert B. Hahn: Guilty Plea

The office of U.S. Attorney John M. Bales announced that Robert B. Hahn of Tyler, a former insurance agent, pleaded guilty Nov. 19 to money laundering and wire fraud in U.S. District Court for the Eastern District of Texas. He faces up to 20 years in prison at sentencing. . .

Oct 29

Michael Anthony Collins: Indicted

Michael Anthony Collins of Alice was indicted Oct. 29 on charges of securities fraud, theft, and money laundering for allegedly stealing at least $5 million from investors who sunk money into his stock-trading operation. . .