Sep 29
2003

On September 29, 2003, a Harris County, Texas, jury convicted Robert G. Caron, 44, of Securities Fraud. He was sentenced by the Honorable Carol Davies to five years in prison and a $10,000.00 fine (Cause Number 0959702). Mr. Caron, the president of Starcom Telecom, Inc., had been indicted for failing to disclose material facts to investors, including the following: the forfeiture of Starcom's corporate privileges; Mr. Caron had lost substantial investor funds in a previous telecom company; Mr. Caron was being sued for investment fraud by previous Starcom investors; Starcom had defaulted on debts and previous Starcom investor funds had been diverted for Mr. Caron's personal use. The case was tried by Harry Lawrence and Markay Stroud of the Consumer Fraud Division of the Harris County District Attorney's Office.