Dec 5
2001

On December 5, 2001, Michael Earl Hill of Plano, Texas pled guilty to securities fraud and mail fraud before the Honorable Senior District Court Judge Jerry Buchmeyer. Doing business as Mike Hill, Inc. dba Financial Investments, Mr. Hill obtained approximately $3.9 million to purchase certificates of deposit. Instead, Mr. Hill used some of the funds for personal purposes and sent out false confirmations to investors. Mr. Hill also used new investor funds to pay interest to prior investors.