Oct 11

Larry David Eckenrode: Indicted

Larry David Eckenrode of McKinney, a three-time felon, was arrested Sept. 29 and faces securities fraud, theft, and money laundering charges related to his sale of investments in a short-term lending program that was allegedly making loans to international fuel businesses. . .
Sep 9

Rodney and Roger Wagner: Indicted

Rodney Lee Wagner and Roger Harvey Wagner, who promised investors huge profits through foreign currency trading, were indicted Sept. 9 in the U.S. District Court for the Eastern District of Texas on one count each of conspiracy to commit fraud and three counts each of wire fraud. . .

Sep 3

Kenneth Wayne Graves: Sentenced, 7 Years

Kenneth Wayne Graves , a former investment adviser in Corpus Christi whose registration had been revoked by the Securities Commissioner, was sentenced to concurrent seven-year state prison terms Sept. 3 and ordered to pay $517,158 in restitution.

Graves entered his pleas in Corpus...

Aug 18

David Elliott Rosen: Indicted

David Elliott Rosen of Austin was indicted Aug. 18 in Travis County State District Court on charges of securities fraud, theft, money laundering, and misapplication of fiduciary property for stealing money from people who bought membership interests in music concerts that were to be produced by...

Jun 15

Kenneth Wayne Graves: Indicted

Kenneth Wayne Graves , a former investment adviser representative in Corpus Christi whose license to sell securities was revoked last year by the Texas Securities Commissioner, was arrested June 15 after having been indicted in Nueces County on fraud and other charges.

The indictment...

Jun 3

William Allen Risinger: Indicted

William Allen Risinger of Round Rock was indicted in U.S. District Court in Austin on three counts of wire fraud and other charges for an alleged oil and gas scheme that raised $4.5 million from investors.

The indictment was handed down May 19 and unsealed June 3.

Risinger built...

May 5

Robert James Tooney: Guilty Plea

Robert James Tooney of Dickinson was placed on six years community supervision May 5 in Galveston County State District Court after pleading guilty to a 3rd degree felony charge of misapplication of fiduciary property.

Galveston County Assistant District Attorney Robert Buss prosecuted...

Apr 27

James Elton "Jim" Warr: Indicted

James Elton "Jim" Warr of Austin was indicted April 27 in Travis County for allegedly stealing more than $1 million from investors who bought investments in a program based on real estate notes and loans. Warr was indicted on charges of theft, securities fraud, money laundering, and...

Apr 2

Robert Patrick McGann: Guilty Plea

Robert Patrick McGann of Cedar Park paid full restitution of $141,234 as part of a guilty plea to a charge of theft April 2 in Gregg County District Court.

The terms of the plea include seven years deferred adjudication and the surrender of his license to sell insurance in Texas....

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...