Sep 29
2002

On September 29, 2002, a Bexar County Grand Jury presented indictments to the 144th Judicial District Court alleging violations of the Texas Securities Act by Ferdinand Lentz, of San Antonio, Texas and Roy Birk, of Llano, Texas. Additionally, Mr. Lentz is alleged to have misapplied fiduciary property, in violation of the Texas Penal Code. The allegations include that Mr. Lentz engaged in securities fraud by misrepresenting relevant facts and failing to disclose material facts in connection with his sales of Cash 4 Titles promissory notes. Mr. Birk is alleged to have dealt in such securities without registration as a dealer or agent and to have sold unregistered securities. If convicted Mr.Lentz could be sentenced to life in prison. If convicted, Mr. Birk could be sentenced to up to 10 years. The cause numbers are 2002-CR-5936B and 2002-CR-5936A. The matter is being prosecuted by the White Collar Crime Division of the Bexar County District Attorney's Office.