2001
On January 18, 2001 in the United States District Court for the Western District of Texas, San Antonio Division, Mario Alberto Garza was sentenced in connection with his conviction for two counts of uttering forged securities of an organization, in violation of 18 USC 513(a). Mr. Garza was sentenced to 15 months in prison to be followed by 3 years probation and restitution. The criminal matter was investigated by the Texas Securities Board, the Federal Deposit Insurance Corporation Office of Inspector General, the San Antonio offices of the United States Attorney and Federal Bureau of Investigation, and the Bexar County District Attorney's Office. In his plea agreement, Mr. Garza admitted he knew that account numbers on certain Certificates of Deposit issued to customers of the bank where he was employed as a vice president were, in fact, accounts owned by Quanalyze Equity Funding, Inc., a company owned and controlled by James De La Garza, and that the Certificates of Deposit were not, in fact, owned and controlled by the customers. Mr. De La Garza pled no contest to securities fraud and theft charges on January 9, 2001 and is awaiting sentencing in the 187th District Court in Bexar County (San Antonio), Texas. Mr. Garza was the subject of a previous action by the Enforcement Division of the Texas Securities Board in June, 2000 seeking the revocation of his securities agent license. Mr. Garza's registration with the Securities Commissioner was subsequently withdrawn.