Montgomery Lee Merrell

Mar 18

Montgomery Lee Merrell, doing business as CMI Financial, pled guilty to felony charges of selling unregistered securities and selling securities without being registered as a securities dealer on March 18, 2005 in the 297th District Court of Tarrant County, Texas, Cause No. 0818605D. Merrell received 10 years probation, a fine of $1,000 for each conviction, and was sentenced to 180 days confinement in the Tarrant County Jail. In 1998 and 1999, Merrell sold interests in viaticated insurance benefits issued by Financial Federated Title & Trust, Inc. and was a sales agent for American Benefits Services, Inc.