Oct 23
2012

Minor Vargas Calvo: Sentenced, 60 Years

Minor Vargas Calvo , a Costa Rican businessman with interests ranging from media to insurance to professional soccer, was sentenced to 60 years in federal prison on Oct. 23 for perpetrating a $485 million bond fraud.

Vargas was the president of Provident Capital Indemnity Ltd., which...

Sep 24
2012

Richard M. Plato: Convicted

Richard M. Plato , a disbarred lawyer with three prior criminal convictions, was convicted Sept. 24 in U.S. District Court in Houston on five counts of mail fraud and one count of conspiracy related to an oil and gas scam.

Plato owned Momentum Production Corp. in Baytown, which sold...

Aug 22
2012

Michael D. Alexander: Indicted

Michael D. Alexander was indicted Aug. 22 for securities fraud in Rockwall County for allegedly selling investors shares in timber harvesting operation in the Amazon.

Alexander, a Rockwall resident, sold shares in Ecowood Recuperdore De Toras and Ecowood Resources International Inc....

Aug 9
2012

John Arthur Mertens: Indicted

John Arthur Mertens of Austin, who allegedly defrauded investors in a trading scheme, was indicted Aug. 9 in Bexar County district court on one count of securities fraud and one count of fiduciary misapplication.

According to the indictment, Mertens misrepresented to investors that he...

Jul 20
2012

D. Bowden, J. Priest, F. Howard: Sentenced

Three defendants in the wide-ranging AmeriFirst companies' fraud were sentenced to federal prison on July 20 in U.S. District Court in Dallas.

Dennis Woods Bowden of Farmers Branch, the chief operations officer of AmeriFirst, was sentenced to 16 years in prison and ordered to pay $23...

Jul 18
2012

Fred Howard: Sentenced, 5 Years

Fred Howard was sentenced to five years in federal prison on July 18 after pleading guilty to one count of securities fraud in U.S. District Court in Dallas.

Howard, a Florida resident at the time of his crime, was also ordered to serve three years of supervised release after prison and...

Jun 19
2012

Kelly Gordon Rogers: Indicted

Kelly Gordon Rogers was indicted June 19 on a charge of money laundering related to bank loans he received.

The indictment, issued by a Collin County grand jury, stemmed from the investigation into two other pending criminal cases against Rogers.

Rogers was indicted May 1 on...

Jun 19
2012

Robert Joseph Mangiafico Jr.: Indicted

Robert Joseph Mangiafico Jr. of Dallas was indicted June 19 on a charge of tampering with a government record.

The indictment is related to the March 2011 indictment of Mangiafico on charges of theft, money laundering, and engaging in organized criminal activity. Mangiafico and a...

May 1
2012

Kelly Gordon Rogers: Indicted

Kelly Gordon Rogers , an attorney in Frisco, was indicted May 1 in Collin County state District Court on two counts of aggregated theft, two counts of money laundering, and one count of securities fraud.

The charges stem from Rogers' alleged theft of $2.8 million from investors in two...

Apr 24
2012

Mary Alice Monteza and Alan Keith Nelsen: Sentenced

Mary Alice Monteza and Alan Keith Nelsen of San Antonio were sentenced to state prison terms on April 24 and April 2, respectively, after being convicted on charges related to a fraudulent overseas trading investment.

Monteza and Nelsen created a company called Castro International,...

Apr 12
2012

Terrence Riely: Community Supervision, Restitution

Terrence Riely , who pleaded no contest to misapplication of fiduciary property in Bexar County state District Court, on April 12 was ordered to pay restitution of $218,990, serve 10 years community supervision and perform 240 hours of community service.

Riely was an officer of the...

Apr 12
2012

Robbie Dale Walker: Indicted

Robbie Dale Walker of Dripping Springs was indicted on additional charges for an alleged oil and gas fraud targeting elderly investors.

A Hays County grand jury on April 12 indicted Walker for securities fraud, money laundering, selling unregistered securities and acting as an...

Mar 21
2012

William Erik Byrne: Community Supervision, Restitution

Corpus Christi adviser William Erik Byrne on March 21 was ordered to pay $719,000 in restitution and sentenced to 10 years community supervision and 30 days in jail. Byrne was sentenced in Nueces County state District Court.

At the time of his sentencing, Byrne had already paid $100,000...

Feb 24
2012

Michael K. Wallens Sr.: Sentenced, 4 Years and 5 Months

Michael K. Wallens Sr. of Spring was sentenced to four years and five months in federal prison for his role in raising $17 million from investors who thought they were putting their money into safe and secure promissory notes.

The sentence, issued Feb. 24 in U.S. District Court in...

Feb 15
2012

Tony Anthony Cruz Jr.: Indicted

Tony Anthony Cruz Jr. , the owner and operator of the Wealth Building Club Inc. (WBC) in San Antonio, was indicted Feb. 15 in U.S. District Court in San Antonio on eight counts of mail fraud. The indictment was unsealed March 6.

The indictment alleges Cruz sold fraudulent notes to...

Feb 8
2012

David Boyer Prince: Sentenced, 7 Years

David Boyer Prince , a former California attorney who ran two fraudulent investment funds, on Feb. 8 was sentenced to seven years in federal prison. He had been convicted on five counts of wire fraud in U.S. District Court in San Francisco.

The government's sentencing memorandum details...

Feb 2
2012

Michael Paul Harney: Indicted

A Bexar County grand jury on Feb. 2 issued four indictments of Michael Paul Harney on theft charges stemming from the sale of allegedly fraudulent promissory notes to four investors, three of whom are elderly.

Harney sold the securities through his company, Texas Senior Association of...

Jan 9
2012

Alan Nelson and Mary Alice Monteza: No Contest Plea

Alan Nelson and Mary Alice Monteza of San Antonio on Jan. 9 pleaded no contest to first-degree aggravated theft in Bexar County state District Court.

The pair raised about $850,000 from investors who thought their money was going into foreign high-yield investments. No investments were...

Dec 21
2011

Dennis Woods Bowden: Convicted

Dennis Woods Bowden was convicted Dec. 21 on four counts of securities fraud and five counts of mail fraud for his role in the AmeriFirst companies of Dallas, which sold $50 million worth of fraudulent debt obligations to more than 500 investors.

Bowden faces sentencing in U.S. District...

Nov 14
2011

William Erik Byrne: Convicted

William Erik Byrne of Corpus Christi on Nov. 14 signed a Judicial Confession and Stipulation in the 117th state District Court in Nueces County, admitting he sold $389,000 in investment contracts and promissory notes without being registered to do so.

Byrne acted as an unregistered...

Nov 9
2011

Michael Wallens Jr.: Sentenced, 5 Years

Michael Wallens Jr. of Plano was sentenced Nov. 9 to five years in federal prison for the sale of fraudulent promissory notes.

Wallens in 2010 pleaded guilty to count of securities fraud in U.S. District Court in Dallas, as did his father, Michael Wallens Sr.

The Wallenses and...

Nov 1
2011

Fred Howard: Indicted

Fred Howard was indicted Nov. 1 in U.S. District Court in Dallas for federal securities fraud.

Howard, a Florida resident at the time of the alleged crime, sold partnership interests in Secured Capital Trust Ltd. of Florida.

According to the indictment, Howard bought shares in...

Nov 1
2011

Rodney Wagner and Roger Wagner: CFTC Civil Suit

The U.S. Commodity Futures Trading Commission (CFTC) Brothers sued brothers Rodney Wagner and Roger Wagner of Grand Prairie for operating a fraudulent foreign exchange (forex) Ponzi scheme.

The civil suit, filed Nov. 1 in U.S. District Court in Dallas, alleges the brothers raised $5.5...

Oct 26
2011

Richard M. Plato: Indicted

Richard M. Plato of Baytown was indicted Oct. 26 in U.S. District Court in Houston on charges of mail and wire fraud and securities fraud.

Also charged were a business partner, Michael Derek Walker , and Tammy Renee Norris , described in the indictment as Plato's mistress.

Plato...

Pages