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...

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....

Pages