Mary Alice Monteza and Alan Keith Nelsen of San Antonio were sentenced to state prison terms on April 24 and April 2, respectively, after being convicted on charges related to a fraudulent overseas trading investment.
Monteza and Nelsen created a company called Castro International, which supposedly made money by investing in high-yielding foreign investments.
The pair raised about $850,000 from investors, but Castro turned out to be a Ponzi scheme.
A Bexar County state District Court judge sentenced Monteza to 10 years and Nelsen to seven years in prison. Monteza and Nelsen both pleaded no contest to a charge of aggravated theft.