Jan 31
2013
2013
Tony Anthony Cruz Jr., who sold fraudulent promissory notes issued by his company, The Wealth Building Club of San Antonio, pleaded guilty to two counts of mail fraud and was sentenced Jan. 31 to five years' probation on each count and ordered to pay restitution of $1.1 million.
Cruz was sentenced in U.S. District Court in Hawaii, where he was arrested. His case was subsequently transferred from U.S. District Court in San Antonio.
Cruz falsely told investor he could earn them monthly returns of up to 6% by trading in the foreign currency markets.