Sami A. London, also known as Sami Asifali Mahomed, pleaded guilty Sept. 11 to one count of securities fraud in Tom Green County state District Court. London was sentenced to 10 years deferred adjudication and ordered to pay a total of $202,000 in restitution to five victims.
London solicited investments for an oil and gas drilling project in Falls County, but spent investors’ money on his personal expenses and failed to tell investors about the bankruptcy filing by a previous oil and gas company in which he was a principal. After that company’s bankruptcy London changed his name. London has paid $25,000 in restitution and is required to pay the remainder over the course of his probation.