Jun 29

Arthur P. Wilson: Sentenced, 8 Years

Arthur P. Wilson of Addison, who sold approximately $400,000 in fraudulent investments in non-existent oil and gas drilling projects, pleaded guilty to securities fraud and was sentenced to eight years in state prison on June 29 in Collin County State District Court.

Wilson, the founder...

Jun 29

Timothy Eugene White: Indicted

Timothy Eugene White of San Angelo was charged with seven counts of theft on June 29 in the 340th District Court of Tom Green County for allegedly stealing at least $517,000 through the sale of investment units in a private sports games company.

White was arrested in late July in Tom...

Jun 8

Lawrence Allen DeShetler: Guilty Plea

Lawrence Allen DeShetler, an investment adviser and former certified financial planner in The Woodlands, pleaded guilty to mail fraud June 8 in U.S. District Court in Beaumont.

DeShetler fraudulently obtained $1.9 million from five clients of his advisory business, DeShetler &...

May 22

Alan Derek Jernigan: Sentenced

Alan Derek Jernigan was sentenced May 22 to 10 years probation, a condition of which was full restitution of $340,960 to five investors in a fraudulent scheme involving the sale of medical kits overseas.

Jernigan lived in the Houston area when he sold investments in deals that would...

May 10

Juan Miguel López: Indicted

Juan Miguel López , the owner of Mito Financial LLC in Addison and affiliated companies, was arrested May 10 and faces charges of securities fraud, theft of property, and money laundering for allegedly defrauding individuals who invested millions of dollars in his companies. López had been...

May 5

Allan George Cooper: Convicted

Allan George Cooper of Montgomery was convicted May 5 on charges of mail and wire fraud in connection with a $50 million investment scheme involving approximately 50 victims.

Cooper pleaded guilty to the charges in U.S. District Court for the Southern District of Texas. Sentencing is...

May 4

David Elliott Rosen: Sentenced, 10 Years

Former entertainment promoter David Elliott Rosen of Austin was sentenced to 10 years to prison on May 4 for for a nearly $2 million fraud based on the sale of investments in his concert-promotion business.

Rosen pleaded guilty to securities fraud in Travis County State District Court....

Apr 11

Robert A. Helms and Janniece S. Kaelin: Guilty Pleas

Robert Allen Helms and Janniece S. Kaelin pleaded guilty April 11 to federal charges of securities fraud, conspiracy to commit securities fraud, and mail fraud for swindling investors in companies that were supposedly purchasing oil and gas royalties.

Helms and Kaelin pleaded guilty...

Apr 7

Mark Christopher Parman: Sentenced, 6 Years

Mark Christopher Parman of Frisco, who raised approximately $850,000 from investors in oil and gas projects, was sentenced to six years in state prison on April 7 after pleading guilty to securities fraud in the 199th State District Court in Collin County.

Parman sold interests in oil...

Mar 14

Rodney Wagner, Roger Wagner: Sentenced, 4 Years Each

Twin brothers Rodney Wagner and Roger Wagner were each sentenced on March 8 to four years in federal prison after pleading guilty to conspiracy to commit wire fraud in a foreign currency trading operation. The Wagners were also ordered to pay $1.9 million in restitution to 91 investors in the...

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...