Jan 16
2001

On January 16, 2001, James F. Ricker was sentenced in Bexar County, by State District Court Judge Mary Roman to 13 years in prison in case number 2000-CR-3948. Mr. Ricker was convicted of unlawfully dealing in unregistered securities and misapplication of fiduciary property. Mr. Ricker operated a Ponzi scheme from his home in San Antonio. Investor loses exceed $6 million. Mr. Ricker had previously been ordered to cease and desist the sale of promissory notes by the Texas Securities Commissioner in CDO-1363. The matter was investigated by the Texas Securities Board, the San Antonio Police Department and the Bexar County District Attorney's Office.