Feb 10
2005

Oliver Meza, of San Antonio, Texas, pled nolo contendere on February 10, 2005 in the 144th District Court, Bexar County, Texas, Cause No. 2004CR2441B, to misapplication of fiduciary property over $200,000. Meza was sentenced to 10 years in prison and ordered to pay $180,135.20 in restitution. Meza and Richard Martinez, also of San Antonio, had sold memberships in X-Treme Trading Club, LLP and X-Treme Trading Club, Inc. Martinez pled guilty to similar charges in November, 2004 and was sentenced to a 10-year term of deferred adjudication and ordered to pay $225,135.20 in restitution. Investors in the scheme were told that their funds would be used for investing in stocks, bonds, and options on securities. Meza and Martinez were charged with using investors' funds contrary to the terms of the agreement.