Apr 24

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.