Aug 22
2012

Michael D. Alexander was indicted Aug. 22 for securities fraud in Rockwall County for allegedly selling investors shares in timber harvesting operation in the Amazon.

Alexander, a Rockwall resident, sold shares in Ecowood Recuperdore De Toras and Ecowood Resources International Inc.

The indictment alleges that Alexander previously raised money by selling Ecowood stock, but then used the money to pay his personal expenses.

Alexander also intentionally failed to disclose that the Ecowood companies did not own or control licenses to harvest timber from the Amazon, according to the indictment.