Sep 18
2000

On September 18, 2000, United States District Court Judge James R. Nowlin sentenced Russell Erxleben to a total of 84 months in prison, $28 million in restitution and a one million dollar fine for engaging in securities fraud and conspiring to engage in wire fraud, money laundering and mail fraud.

The matter was investigated by the Texas Securities Board in a cooperative effort with the Internal Revenue Service, the FBI and the office of United States Attorney.

The Enforcement Division wishes to extend special thanks to Dan Mills of the Office of the United States Attorney, Matt Gravelle of the FBI and Ed Martin of the IRS for their excellent efforts.