Jan 16

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.