Jan 31
2014

William Paul Hudson of Plano was convicted of theft and sentenced to 10 years in state prison on Jan. 31 in Collin County State District Court. Hudson also received a sentence of 10 years, probated, on charges of securities fraud and money laundering and was ordered to pay restitution. Hudson stole approximately $600,000 from at least 50 investors in multiple oil and gas projects in Jackson, Gonzales, and Jim Wells counties. Hudson directed only a small fraction of investor funds to oil and gas programs, instead spending the majority of the money on personal expenses.