Feb 13

James Howard Vann, of Laguna Vista, Texas, pled guilty to ten counts of selling securities without a license, ten counts of selling unregistered securities, and one count of securities fraud in the 103rd District Court of Cameron County, Texas, Cause No. 08-CR-230D, on February 13, 2008. Vann sold or offered for sale common stock or capital stock in Panorama Global Realty Group, Inc. at a time when neither Vann nor the stock was registered with the Securities Commissioner. He was sentenced to 10 years confinement, which was suspended to eight years of community supervision, and ordered to pay restitution of $979,400 to the victims of the scheme.