Aug 3

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

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

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

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

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

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

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.


Jun 9

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.


Feb 2

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

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...