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...

Oct 19
2010

Michael K. Wallens Sr.: Guilty Plea

Michael K. Wallens Sr. pleaded guilty to one count of securities fraud on Oct. 19 in U.S. District Court in Dallas.

Wallens and his associates collected more than $17 million from about 180 investors who bought Collateral Secured Debt Obligations issued by W Financial Group.

...

Oct 15
2010

Charles Wayne Kilway: Indicted

Charles Wayne Kilway was indicted Oct. 15 in Dallas County for securities fraud and theft in connection with the sale of promissory notes issued by a company called JBS Holdings LLC.

Kilway, of North Richland Hills, raised more than $200,000 from seven investors.

According to...

Oct 4
2010

Richard W. McFarland Jr.: Sentenced, 8 Years

Richard W. McFarland Jr. of Uncertain, a small town near Caddo Lake in East Texas, was sentenced to 97 months in federal prison on Oct. 4 for selling interests in non-existent oil and gas wells to investors.

U.S. District Judge T. John Ward also ordered McFarland to $8,861,160 in...

Sep 16
2010

Tomme Bromseth: Guilty Plea

Tomme Bromseth pleaded guilty to mail fraud and structuring financial transactions to evade reporting requirements in connection with his sale of life-settlement investments for Houston-based A&O Life Funds and other A&O entities.

According to court documents , Bromseth sold...

Aug 26
2010

Terrence Riely: Indicted

The Bexar County District Attorney re-filed an indictment against Terrence Riely of San Antonio on August 26, alleging misapplication of fiduciary funds in connection with the fraudulent sale of promissory notes to Texas residents.

Riely was a director of Paramco Financial Group Inc....

Jul 30
2010

Richard Donald Theye: Guilty Plea

Richard Donald Theye , who for nine years ran a securities and commodities trading operation from Austin, pleaded guilty in U.S. District Court on July 30 to one count of securities and commodities fraud and eight counts of wire fraud.

Theye was indicted June 1 after a joint...

Jul 12
2010

Stephen Bayliss Jones: Sentenced, 12 Years

Stephen Bayliss Jones of Corpus Christi was sentenced to 12 years in prison on July 12 for stealing money from investors in a building materials scam. Jones had previously pleaded guilty to a charge of felony theft.

Judge Nanette Hasette of the 28th District Court in Nueces County...

May 26
2010

Dennis Woods Bowden: Indicted

Dennis Woods Bowden , one of the top executives at the now-defunct AmeriFirst Funding Corp. in Dallas, was indicted May 26 in U.S. District Court in Dallas on nine counts of securities fraud and six counts of mail fraud.

Bowden, on his own and through sales agents, allegedly sold...

May 19
2010

Reginald Lee Clark: Indicted

A Limestone County grand jury indicted Reginald Lee Clark on May 19 on charges of theft and misapplication of fiduciary property..

Clark, who did business as Clark Investment Advisors, most recently in McLennan County, allegedly stole more than $400,000 from his clients.

Clark...

May 14
2010

Leland Anthony Patin: Sentenced, 7 Years

Leland Anthony Patin of Dallas was sentenced to seven years in prison and ordered to pay $172,500 in restitution for securities fraud.

Patin was a salesman for Edward Digges, the architect of a multistate fraudulent scheme involving the sale and lease of credit card and debit card...

May 10
2010

Melissa Marie Ramon: Sentenced, 10 Years

Melissa Marie Ramon of Bellaire on May 10 was sentenced to serve 10 years in federal prison for an investment scam that was investigated by the State Securities Board and prosecuted by the U.S. District Attorney's Office in Houston. U.S. District Judge Vanessa Gilmore also ordered Ramon to pay...

May 6
2010

Patricia Ann Noble: Indicted

A Denton County grand jury on May 6 indicted Patricia Ann Noble for securities fraud and selling securities without being a registered dealer or agent.

The indictment alleges that Noble, doing business as Noble Funds Asset Management, engaged in fraud by knowingly misrepresenting that...

Apr 19
2010

Albert Anzaldua: Indicted

Albert "Andy" Anzaldua of McAllen was indicted on 14 counts of securities fraud, wire fraud and conspiracy to commit securities fraud for operating an allegedly fraudulent high-yield investment program.

The indictment was unsealed April 19 in the U.S. District Court for the Southern...

Apr 14
2010

Jeffrey C. Bruteyn: Convicted

A U.S. District Court jury in Dallas convicted Jeffrey C. Bruteyn of securities fraud charges resulting from his scheme to defraud investors in Texas and Florida. Bruteyn was convicted on April 14, 2010, on all nine counts of an indictment returned by a grand jury in May 2009.

Bruteyn...

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