Jul 12
2018

Everett Craig Williams was convicted on first-degree felony charges of securities fraud and theft for selling investments in a real estate program without telling investors he owed millions in civil court judgments, unpaid child support, and judgments against him in bankruptcy proceedings.

Williams also didn't inform investors that some of their money paid his personal expenses and that investors in previous investment programs he sold lost a significant portion of their funds.

Williams sold investment contracts and promissory notes issued by Favor Ministries Inc. that were supposed to generate returns from real estate transactions. A Nueces County grand jury indicted Williams on a theft charge in 2017 at the same time it re-indicted him on the securities fraud charge. 

He failed to disclose court judgments and liens against him going back to 2004.

In 2009, the Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, ordered Williams to pay a judgment of $2.5 million in damages and attorneys' fees in connection with a credit-repair scam and a fraudulent real estate investment.

Other civil matters include a lien filed in Nueces County after he failed to make child support payments; a $1.7 million judgment against him in Nueces County Court at Law No. 1; and $362,296 judgment in the 28th District Court of Nueces County.