May 1
2014

Stephen Patrick Jones pleaded guilty May 1 in U.S. District Court in Houston to conspiracy to commit wire fraud. Jones' sentencing date has not been set. Jones was president of Intermodal Wealth Inc., a company that stole at least $5.5 million from investors. Jones and fellow Intermodal Wealth executive John Patrick Acord operated a scheme in which they promised investors profits from the leasing of intermodal shipping containers. Acord, who has used the name "John Delano," is a fugitive.