William N. Kirshner, a Corpus Christi financial adviser, pleaded no contest to second-degree felony theft and was sentenced to five years in prison on Nov. 16 for stealing approximately $103,000 from clients who invested in promissory notes issued by his company, W.N. Kirshner & Co.
The prison sentence was suspended and Nueces County state District Judge Nanette Hasette placed Kirshner on two years probation.
Kirshner was also ordered to pay $10,300 in restitution to eight victims. As part of the plea agreement with attorneys in the enforcement division of the State Securities Board, Kirshner also agreed to a Cease and Desist Order that prevents him from selling unregistered securities.