May 23
2003

On May 23, 2003, in the 290th District Court, Bexar County, Texas, Westar Management Group, Inc. entered a nolo contendre plea to selling unregistered securities, a felony violation of the Texas Securities Act. Pursuant to the plea, Westar Management Group, Inc. was ordered to pay restitution to investors in the amount of $122,620.95 and a conviction was entered. A fine of $5000 was also assessed. The matter related to the sale of promissory notes in an enterprise known as Cash4Titles. Previously, Roy Birk was placed on felony probation in connection with the matter (see below). Charges against Ferdinand Lentz were dismissed. The case was prosecuted by the Bexar County White Collar Crime Division.