May 14
2008

Samuel Longoria, of Mercedes, Texas, was indicted on May 14, 2008, in the 107th District Court of Cameron County, Texas, Cause No. 08-CR-00000953, on charges of theft by deception, misapplication of fiduciary property, the sale of unregistered securities, the sale of securities without a license, and securities fraud. Doing business as Access Group of South Texas and Group Innovation, Longoria allegedly committed fraud in the sale of securities by failing to disclose that one of the principals (Richard Ferguson) had been convicted of felony theft and was on probation at the time of the sales; by failing to disclose that the federal grant program described to investors did not exist; and by failing to disclose that the environmental impact study investment opportunity did not exist.