Feb 2
2012

A Bexar County grand jury on Feb. 2 issued four indictments of Michael Paul Harney on theft charges stemming from the sale of allegedly fraudulent promissory notes to four investors, three of whom are elderly.

Harney sold the securities through his company, Texas Senior Association of San Antonio, which he told investors was an estate and financial planning firm.

According to the indictment, Harney falsely told investors he would use their money to invest in a business in Arizona.

Harney also failed to disclose that he was been convicted of misdemeanor and felony fraud offenses in Michigan and served prison time in that state for four counts of embezzlement.