Aug 9

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

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

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

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...

Jun 19

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...

May 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.


Oct 13

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

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

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...