Jun 9
2011

Karen P. Bowie: Indicted

Karen P. Bowie of Dallas was indicted June 9 in Collin County for her alleged role in the fraud perpetrated by Titan Wealth Management LLC of Plano.

Titan Wealth principal Thomas Lester Irby II is serving a 24-year state prison sentence after being convicted of money laundering....

Jun 8
2011

Kevin Dennis Hays: Deferred Adjudication

Kevin Dennis Hays of Euless on June 8 pleaded guilty to selling unregistered securities in connection with an investment scheme perpetrated by Mack Diamond Energy LLC of Hunt County.

The 196th state District Court in Hunt County placed Hays on community supervision for one year and...

May 26
2011

Reginald Lee Clark: Sentenced, 25 Years

Reginald Lee "Reggie" Clark of Woodway was sentenced to 25 years in state prison on May 26 after a Limestone County jury convicted him on a charge of theft.

Clark stole more than $400,000 from clients of his business, Clark Investment Advisors, which operated in Limestone County and...

May 24
2011

Ray M. White: Sentenced, 10 Years

Ray M. White was sentenced to 10 years in federal prison on May 24 and ordered to pay $9.4 million in restitution.

White, a North Texas resident, had pleaded guilty to one count of commodities fraud in U.S. District Court for the Northern District of Texas.

According to the...

Apr 25
2011

Chad Michael Hays: Sentenced, 25 Years

Chad Michael Hays was sentenced to 25 years in state prison on April 25 after being convicted on one count of securities fraud, eight counts of the sale of unregistered securities, and eight counts of sale of securities by an unregistered dealer or agent.

Hays was convicted in the 196th...

Apr 7
2011

Patricia Ann Noble: Deferred Adjudication, Restitution

Patricia Ann Noble on April 7 pleaded guilty to securities fraud for lying about the purchase of stock and stock options for investors in her firm, Noble Funds Asset Management of Denton.

The 362nd state District Court in Denton County deferred adjudication of Noble's guilt and ordered...

Apr 6
2011

Richard M. Plato: Indicted

Richard M. Plato was indicted on April 6 by a U.S. District Court grand jury in Houston on seven counts of mail fraud and two counts of securities fraud.

Plato, the owner of Momentum Production Corp. of Baytown, allegedly took in more than $5 million from investors in promissory notes...

Mar 31
2011

Thomas E. Grimshaw, Robert J. Mangiafico: Indicted

A Collin County grand jury on March 31 indicted Thomas Earl Grimshaw and Robert Joseph Mangiafico on charges of theft, money laundering, and engaging in organized criminal activity.

Grimshaw, of Frisco, and Mangiafico, who is currently detained in the Collin County jail, did business as...

Mar 31
2011

Kenneth Paul Lawrence: Indicted

Kenneth Paul Lawrence of Rowlett was indicted March 31 for his role in the alleged sale of interests in a Hunt County biodiesel plant.

A Collin County grand jury indicted Lawrence for securities fraud, money laundering, theft, and engaging in organized criminal activity for his role in...

Mar 30
2011

Jack Russell Gilvin: Sentenced, 9 Years

Jack Russell Gilvin of Amarillo pleaded guilty March 30 to one charge of selling unregistered securities in connection with interests in oil and gas projects in Ohio.

The case was brought by the Potter County District Attorney's Office, based on an investigation by the State Securities...

Mar 24
2011

Christian M. Allmendinger: Convicted

Christian M. Allmendinger , the co-founder of Houston-based A&O Life Funds, was convicted March 24 by a U.S. District Court jury in Richmond, Va., on mail fraud, money laundering and securities fraud charges.

Allmendinger was among several Houston-area residents indicted in...

Mar 4
2011

Ronnie Gene Nichols Jr.: Sentenced, 8 Years

Ronnie Gene Nichols Jr. pleaded guilty March 4 to a charge of theft for stealing money from investors who thought they were investing in a biodiesel plant in Hunt County.

A Collin County state district judge sentenced Nichols to eight years in state prison.

Nichols and other...

Feb 25
2011

Chad D. Taylor and Douglas L. Williams: Sentenced

Chad D. Taylor and Douglas L. Williams pleaded guilty on Feb. 25 to state charges stemming from their role in selling interests in non-existent oil and gas wells.

Williams, of Dover, Ark., pleaded guilty to money laundering in the 382nd District Court of Rockwall County and was...

Feb 21
2011

John J. Kim: Sentenced, 10 Years

John J. Kim , a Maryland resident who was part of a Texas-based scam to sell supposedly high-yielding European notes, pleaded guilty Feb. 21 in Collin County state District Court to engaging in organized criminal activity.

Kim was sentenced to 10 years in state prison.

Kim was...

Feb 15
2011

Kurt Barton: Indicted

Kurt Barton , the former CEO of Austin-based Triton Financial, was indicted by a federal grand jury in Austin on Feb. 15 on 33 charges of securities fraud, wire fraud, money laundering, and false statements regarding loans.

Barton faces a maximum of 30 years in prison.

Barton...

Feb 2
2011

Richard Morin: Indicted

A U.S. District Court grand jury in San Antonio on Feb. 2 indicted Richard Morin on six counts of wire fraud related to a real estate investment scheme. The indictment was unsealed on March 8.

According to the indictment, Morin solicited investor funds for businesses that would purchase...

Jan 26
2011

Gregory Keith "Greg" Rand and William Nicholas "Bill" Rand: Guilty Pleas

Four principals of Aspen Exploration Inc., the Dallas-based company that sold interests in fraudulent oil-and-gas programs to investors across the United States, pleaded guilty Jan. 26 in U.S. District Court in Dallas.

William Anthony "Tony" Rand of Plano and two of his sons, Gregory...

Jan 24
2011

Alan Keith Nelsen and Mary Alice Monteza: Arrested

Alan Keith Nelsen and Mary Alice Monteza of San Antonio were arrested the week of Jan. 24 on a felony theft charge in connection with an alleged "prime bank" scheme.

According to an arrest warrant affidavit filed by the Bexar County Sheriff's office, Nelsen and Monteza signed a contract...

Jan 24
2011

Wayne Anthony Rand: Sentenced, 20 Years

Wayne Anthony Rand , who orchestrated an extensive oil-and-gas scam, was sentenced to 20 years in state prison on Jan. 24 after pleading guilty to a felony charge of theft. Rand was sentenced in Rockwall County state district court.

Rand raised approximately $8 million from dozens of...

Jan 19
2011

Samuel Longoria: 10 Years, Probated

Samuel Longoria of Mercedes, convicted of the sale of unregistered securities and the sale of securities without a license, was sentenced Jan. 19 to a probated 10-year state prison sentence and ordered to pay $1.5 million in restitution within a year.

The sentence, handed down in the...

Jan 7
2011

Warr Investment, Warr International: Restraining Order

Travis County state District Judge Stephen Yelenosky on Jan. 7 approved a Temporary Restraining Orderagainst Warr Investment Group LLC and Warr International Group LLC , Austin-based firms that allegedly sold illegal investments in violation of a Cease and Desist Order issued by the Texas State...

Jan 5
2011

Howard Judah, Gregory Jablonski: Indicted

A Harris County grand jury on Jan. 5 indicted Howard Judah and Gregory Jablonski on charges of securities fraud and sale of unregistered securities.

Judah, a three-time federally convicted felon, was the former CEO of National Life Settlements LLC of Houston, and Jablonski was a...

Dec 20
2010

Thomas Lester Irby: Sentenced, 24 Years

Thomas Lester Irby of Frisco on Dec. 20 was sentenced to 24 years in state prison on a money laundering charge in connection with his sale of purported high-yield investments from European banks.

Irby was also sentenced to 10 years deferred adjudication on charges of theft and...

Dec 15
2010

Adley Husni Abdulwahab: Indicted

Adley Husni Abdulwahab was indicted Dec. 15 on six federal charges of securities fraud, aiding and abetting, and conspiracy for allegedly selling millions of dollars of "collateralized secure debt obligations" through the W Financial Group (WFG).

Abdulwahab and other principals of WFG...

Nov 19
2010

Richard Donald Theye: Sentenced, 12 Years

Richard Donald Theye was sentenced to 12 years in prison on Nov. 19 after pleading guilty in July to one count of securities fraud and eight counts of wire fraud.

Theye ran a securities and commodities trading operation from Austin for nine years, promising investors returns of up to 2...

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