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...

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...

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

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...

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...

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...

Oct 13
2011

William Paul Hudson: Indicted

William Paul Hudson of Plano was indicted Oct. 13 on charges of engaging in organized criminal activity, money laundering, theft, and securities fraud in connection with the proposed development of oil and gas wells in Gonzales County, east of San Antonio.

The indictment was issued by a...

Sep 28
2011

Carl Tinsley Ratner: Sentenced, 10 Years

Carl Tinsley Ratner of Trophy Club, northwest of Dallas, was sentenced to 10 years in state prison on Sept. 28 after he pleaded guilty to charges stemming from his sale of fraudulent oil and gas interests.

Ratner was one of five men indicted for their participation in Mack Diamond...

Sep 12
2011

John F. Langford: Sentenced, 15 Years

John F. Langford of Amarillo was sentenced to 15 years in state prison after pleading guilty in August to 15 counts of securities fraud and related charges.

Langford was indicted in 2009 for selling fraudulent and unregistered products such as "private annuities" and promissory notes...

Aug 3
2011

Donald Joseph Dean: Deferred Adjudication, Restitution

Donald Joseph Dean of Tyler pleaded guilty to selling unregistered securities on Aug. 3 and was placed on two years deferred adjudication.

Dean paid $90,000 to an investor in Mack Diamond Energy, a fraudulent energy company in Wolfe City.

Dean was one of five men indicted for...

Jul 27
2011

William Anthony Rand, Gregory K. Rand, and William N. Rand: Sentenced

William Anthony "Tony" Rand and two of his sons – Gregory K. Rand and William N. Rand – were sentenced on July 27 to federal prison terms for defrauding investors in an oil and gas scheme.

In U.S. District Court in Dallas, Tony Rand was sentenced to 5 years, 5 months; Gregory Rand and...

Jul 26
2011

John F. Langford: Guilty Plea

John F. Langford of Amarillo on July 26 pleaded guilty to 15 counts of securities fraud and other charges and admitted his fraud cost investors more than $5 million.

Langford was indicted in 2009 for selling fraudulent and unregistered products such as "private annuities" and promissory...

Jul 25
2011

Ramiro Lugo Amaya: Restitution

Ramiro Lugo Amaya of Corpus Christi was sentenced to 10 years in state prison for selling unregistered securities, but received a suspended sentence.

Amaya was placed on 10 years' probation and ordered to pay $157,345 in restitution.

The Order of Deferred Adjudication was...

Jul 22
2011

Michael Rouse: Sentenced, 17 1/2 Years

Michael Rouse of Wellington, Fla., was sentenced to 17.5 years in federal prison on July 22 for his part in a fraud that raised at least $2 million for a phony real estate investment trust.

Rouse co-founded Golden Gate Real Estate Investment Trust and promised investors safe returns of...

Jun 29
2011

Robbie Dale Walker: Arrested

Robbie Dale Walker of Dripping Springs was arrested June 29 on a charge of theft following an investigation by the Hays County Sheriff's Office, the Texas State Securities Board and the Secret Service.

Walker allegedly promised a 93-year-old Hays County woman that she would earn 15%...

Jun 20
2011

William June Fletcher Jr.: Sentenced, 25 Years

William June Fletcher Jr. of Plano was sentenced to 25 years in state prison on June 20 for stealing money from investors in his oil and gas scheme.

The sentence in Collin County state district court resulted from Fletcher's convictions on charges of theft and securities fraud.

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