Mar 19
2008

Frank Boyd Harrison, of Selma, Texas, was sentenced on March 19, 2008, in the 290th District Court of Bexar County, Texas, Cause No. 2007-CR-10684, after pleading no contest to the sale of securities by an unregistered dealer or agent and the sale of unregistered securities. Harrison raised more than $1.5 million from investors through fraudulent sales of unregistered securities issued by TMT Management Group, LLC and POSA TMT, LLC programs involving POS terminal equipment. He was sentenced to eight years confinement in the Institutional Division of the Texas Department of Criminal Justice and ordered to pay restitution of $1,564,900.