Sep 24
2007

Wintford Evans Verkin, Jr., of Sugar Land, Texas, was sentenced on September 24, 2007, in the 212th Judicial District Court, Cause Nos. 04CR1669 and 06CR0956, after having pleaded guilty to misapplication of fiduciary property of the value of $200,000 or more and securities fraud with the amount involved in the offense being $100,000 or more, both first degree felony offenses. The offer for sale and sale of securities was in connection with Retriever Equity Fund. Verkin was sentenced to seven years in the Institutional Division of the Texas Department of Criminal Justice and ordered to pay restitution of $4,284,000 to investors.