Sep 16
2004

Larry Don Johnson of Austin, Texas, a former sales manager for Paymentworks, Inc. was convicted on September 16, 2004 in the 331st Judicial District Court, Travis County, Texas of one count of Theft, four counts of selling unregistered securities and four counts of selling securities while not registered as a dealer or agent. Johnson was sentenced to a 20-year prison term and ordered to pay a $10,000 fine for the theft conviction and was sentenced to a 5-year prison term and ordered to pay a $10,000 fine for each of the eight remaining charges.