Oct 1
2014

The grand jury of the Southern District of Texas on Oct. 1 handed down a superseding indictment charging John Patrick Acord and Dean Lester Springer Jr. with wire fraud, conspiracy to launder funds, mail fraud, and securities fraud. The indictment alleges that Jones, the chief financial officer of Houston-based Intermodal Wealth Inc., offered investments based on revenue from leasing shipping containers for use on rail, trucks, and ships, but constructed sham lease agreements to defraud investors. Springer started as a salesman for Intermodal Wealth and later formed an affiliated company, World Container, that was part of the fraud, according to the indictment.