Nov 20

Saulo Abraham Muñoz of El Paso, TX, was sentenced November 20, 2008, in the 41st District Court, El Paso County, Cause No. 2007-ODO-0480, after pleading guilty to one count of securities fraud. Muñoz offered and sold securities, representing to pool investors' funds into the stock market. Records reveal that Muñoz was losing funds, yet investors were provided statements showing profits. The losses in Muñoz's trading accounts totaled more than $600,000. Muñoz was sentenced to 25 years in state prison.