Feb 26

R. Gray, W. Rogers, R. James, D. James, McDermott: Indicted

Five individuals who controlled and played key roles in a life settlement company were indicted Feb. 26 in Collin County for securities fraud, theft, money laundering, and engaging in organizing criminal activity.

According to the indictments, Richard H. Gray and Wendy L. Rogers...

Jan 16

Alberto Alba Villarreal: Sentenced, 5 Years

Alberto Alba Villarreal was sentenced to five years in prison Jan. 16 after being convicted of theft of property for stealing money that was supposed to be used to help fund a new insurance company.

The sentence, handed down in Cameron County State District Court, ordered Villarreal to...

Dec 17

Robert J. Andres: Sentenced, 56 Months

Robert J. Andres , the investment manager of Houston-based Winsome Investment Trust, was sentenced to 56 months in federal prison on Dec. 17 after pleading guilty to one court of wire fraud in U.S. District Court in Salt Lake City.

A final order of restitution is pending.


Dec 4

Tracy Morgan Spaeth: No Contest Plea

Tracy Morgan Spaeth , a former investment adviser representative in Lubbock, pleaded no contest to the sale of unregistered securities on Dec. 4, 2014, in Lubbock County State District Court. Spaeth's sentence was suspended and he was placed on eight years of community supervision. The Texas...

Oct 1

John Patrick Acord and Dean Lester Springer Jr.: Superseding Indictment

The grand jury of the Southern District of Texas on Oct. 1 handed down a superseding indictment charging John Patrick Acord and Dean Lester Springer Jr. with wire fraud, conspiracy to launder funds, mail fraud, and securities fraud. The indictment alleges that Jones, the chief financial officer...

Sep 18

William Charlton Mays IV: Sentenced, 20 Years

William Charlton Mays IV , a former investment adviser representative in Corpus Christi, was sentenced to 20 years in state prison on Sept. 18 after being convicted on securities fraud and theft charges in the 214th State District Court of Nueces County. He was also ordered to pay $102,117 in...

Sep 8

Christopher Anthony Zaal: Indicted

Christopher Anthony Zaal of McKinney, who did business as Southwest Financial Group, was arrested Sept. 8 after having been indicted in Collin County on charges of securities fraud and money laundering for obtaining at least $2.27 million in fraudulent investment schemes.

Zaal allegedly...

Jun 5

Alan Derek Jernigan: Indicted

A Brazoria County grand jury on June 5 indicted Alan Derek Jernigan of Lakeway on charges of securities fraud, money laundering, and aggregated theft for the alleged offer for sale and sale of investments in deals to export medical test kits to foreign countries. The indictment alleges that...

May 28

Kelly Gordon Rogers: Sentenced, 20 Years

Frisco attorney Kelly Gordon Rogers , convicted of first-degree felony theft for stealing $1.3 million from investors in fraudulent oil and gas schemes, was sentenced to 20 years in state prison on May 28 in Collin County State District Court. The jury also ordered Rogers to pay a $10,000 fine....

May 1

Stephen Patrick Jones: Guilty Plea

Stephen Patrick Jones pleaded guilty May 1 in U.S. District Court in Houston to conspiracy to commit wire fraud. Jones' sentencing date has not been set. Jones was president of Intermodal Wealth Inc., a company that stole at least $5.5 million from investors. Jones and fellow Intermodal Wealth...

Apr 16

Andrew Joseph Longoria: Indicted

A Bell County grand jury indicted Andrew Joseph Longoria April 16 on charges of securities fraud, theft, and money laundering for the alleged sale of investments in notes, mutual funds, and real estate projects through a company called LRS Investments.

Mar 25

Garry B. Smith: Indicted

Garry B. Smith of Garland was indicted by a Collin County grand jury March 25 on charges of theft, securities fraud, and money laundering for the alleged sale of fraudulent investments contracts in oil and gas drilling projects. A co-defendant, Robert James Nelson of Prosper, was indicted on...

Mar 25

Derek A. Nelson: Indicted

Derek A. Nelson of Edmond, Oklahoma, who allegedly stole $12 million from U.S. investors in a real estate investment program, was indicted March 25 in Collin County State District Court on charges of securities fraud, theft, and money laundering. According to the indictment, Nelson sold and...

Feb 27

Steven Patrick Jones, John Patrick Acord: Indicted

The indictment of Steven Patrick Jones and John Patrick Acord , executives at Intermodal Wealth Inc., was unsealed Feb. 27 in U.S. District Court in Houston. Jones and Acord (who also used the name "John Delano") were charged with multiple counts of wire and mail fraud and one count of...

Feb 24

Russell Erxleben: Sentenced, 7 1/2 Years

Russell Erxleben of Dripping Springs was sentenced to seven and one-half years in prison on Feb. 24 in U.S. District Court in Austin. Erxleben pleaded guilty Dec. 18, 2013, to wire fraud and money laundering charges. According to a federal indictment, he raised more than $2 million from...

Feb 24

Leland Alan Dykes: Sentenced, 15 Years

Leland Alan Dykes of Houston was sentenced to 15 years in state prison Feb. 24 for the fraudulent sale of nearly $1 million in "secured debt obligations." Dykes, a former registered securities agent, pleaded guilty last year in Harris County State District Court to one count of misapplication...

Jan 31

Eddie Lacy Stivers III: Sentenced, 85 Years

Eddie Lacy Stivers III was sentenced to 85 years in state prison on Jan. 31 for engaging in the fraudulent sale of stock and promissory notes, with some sales to investors coming after Stivers was indicted by a Hood County grand jury on charges of first-degree securities fraud, first-degree...

Jan 31

William Paul Hudson: Sentenced, 10 Years

William Paul Hudson of Plano was convicted of theft and sentenced to 10 years in state prison on Jan. 31 in Collin County State District Court. Hudson also received a sentence of 10 years, probated, on charges of securities fraud and money laundering and was ordered to pay restitution. Hudson...

Jan 24

David Kevin Lewis: Sentenced, 30 Years

David Kevin Lewis , the chairman of Richardson-based oil and gas company Always Consulting Inc. (ACI), was sentenced to 30 years in federal prison on Jan. 24 and ordered to pay $2.5 million in restitution.

A U.S. District Court jury in Dallas in September 2013 convicted Lewis on one...

Dec 18

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

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

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

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

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...