Aug 7
2018

Gabriel Claudio Jr.: Sentenced, 25 Years

Gabriel Claudio Jr., who stole millions of dollars from clients of his illegitimate financial services firm in Corpus Christi, was sentenced to 25 years in state prison on Aug. 7 and ordered to pay $2,795,254 in restitution to investors.

Claudio was sentenced in the 79th District Court...

Jul 12
2018

Everett Craig Williams: Convicted

Everett Craig Williams was convicted on first-degree felony charges of securities fraud and theft for selling investments in a real estate program without telling investors he owed millions in civil court judgments, unpaid child support, and judgments against him in bankruptcy proceedings....

Jul 3
2018

Bob Guess: Sentenced, 12 Years

Bobby Eugene Guess of Frisco was sentenced to 12 years in state prison on July 3 for fraud in the sale of millions of dollars in securities in a worthless internet company.

Guess pleaded guilty to securities fraud in May in the 296th State District Court of Collin County. A Collin...

Jun 5
2018

James Dean French: Sentenced, 8 Years

James Dean French was sentenced to eight years in state prison on June 4 after pleading guilty to first-degree felony securities fraud in connection with the sale of investments in a purported West Texas oil and gas project.

French was sentenced in the 230 th State District Court of...

May 31
2018

Daniel Rodriguez Bryand: Indicted

Daniel Rodriguez Bryand of San Antonio was indicted May 31 in the 227th State District Court of Bexar County on charges of misapplication of fiduciary property and money laundering in connection with trades he allegedly made in a friend's brokerage account.

Bryand allegedly traded...

May 24
2018

Timothy Lloyd Booth: Sentenced, 68 years

Timothy Lloyd Booth of Plano, who once served as a pastor at a church in McKinney, was sentenced to 68 years in state prison on May 23 after his conviction in the 296th District Court of Collin County on first-degree felony charges of theft and securities fraud.

Booth, 60, stole...

Mar 1
2018

William Austin Allen, David Alan Wolchansky: Indicted

William Allen and David Wolchansky were indicted March 1 in Collin County on first-degree felony charges of money laundering and misapplication of fiduciary property in connection with the sale of investments in a natural gas project in Mansfield.

Allen and Wolchansky, the owners of...

Feb 22
2018

Sean Patrick Riley: Indicted

A Bexar County grand jury indicted Sean Patrick Riley of San Antonio on Feb. 22 on was indicted Feb. 22 on a charge of second-degree felony securities fraud and third-degree charges of felony theft and felony money laundering.

Riley was indicted for allegedly defrauding individuals who...

Feb 16
2018

Hermilia Flores, David Shand: Indicted

Hermilia Flores and David Alan Shand were indicted Feb. 16 in the 178th District Court of Harris County on charges of securities fraud and money laundering for allegedly defrauding investors in oil and natural gas exploration and drilling projects.

Flores, a resident of Katy, was the...

Feb 9
2018

Louis Joseph Monsour: Deferred Adjudication

Louis Joseph Monsour of San Antonio pleaded no contest to a charge of securities fraud as part of a plea agreement in which he was sentenced to 10 years deferred adjudication and ordered to pay a totasl of $291,237 in restitution to two investors.

Monsour was sentenced Feb. 9 in the...

Jan 18
2018

Robert James Nelson: 10 Years Deferred Adjudication

Robert James Nelson of Prosper pleaded guilty in Collin County State District Court to third-degree felony theft for his role in a fraudulent oil and gas scheme was sentenced to 10 years deferred adjudication and ordered to pay restitution of $306,250. Nelson paid $165,000 in restitution prior...

Jan 18
2018

Charles McAllister: Indicted

Charles McAllister of Austin was indicted Jan. 18 on wire fraud and related charges for allegedly defrauding investors in Bullion Direct Inc., a precious metals company he founded.

The indictment seeks a monetary judgment of $16.1 million against McAllister, the sum of the money he...

Dec 1
2017

James Elton Warr: Sentenced, 15 Years

James Elton “Jim” Warr of Austin, who promised guaranteed returns from investing in real estate, was sentenced to 15 years in state prison on Dec. 1 after his conviction in Travis County on four first-degree felony counts.

Warr, 69, stole $1.1 million from individuals who bought...

Nov 1
2017

Lawrence Allen DeShetler: Sentenced, 5 Years

Lawrence Allen DeShetler , an investment adviser in The Woodlands, was sentenced to five years in federal prison on Nov. 1 after pleading guilty in June to federal mail fraud charges.

DeShetler convinced five clients – two of whom were in their 80s – to cash out legitimate investments...

Oct 2
2017

Robert A. Helms, Janniece S. Kaelin: Sentenced, 78 Months

U.S. District Judge Lee Yeakel on Oct. 2 ordered Austin attorney Robert Allen Helms and his business partner, Janniece S. Kaelin , to pay $29 million in restitution to investors in the pair's oil-and-gas royalties scam.

Yeakel previously sentenced Helms and Kaelin to 78 months in federal...

Sep 6
2017

Nicholas Baratoff Jr.: 5 Years Probation, Restitution

Nicholas Baratoff Jr. , a resident of the coastal village of Sea Cliff, N.Y., near New York City, paid $360,000 in restitution on Sept. 6 to an elderly Corpus Christi woman who invested in projects that were supposedly operated by a company with the French name of La Licorne SA. In English, it...

Jul 6
2017

Jeffrey Ray Filla: 10 Years Probation

Jeffrey Ray Filla of Richmond on July 6 was sentenced to 10 years deferred adjudication and ordered to pay $807,054 in restitution to investors in his commodities trading program.

Filla pleaded guilty to misapplication of fiduciary property in Fort Bend County District Court. He was...

Jun 29
2017

Arthur P. Wilson: Sentenced, 8 Years

Arthur P. Wilson of Addison, who sold approximately $400,000 in fraudulent investments in non-existent oil and gas drilling projects, pleaded guilty to securities fraud and was sentenced to eight years in state prison on June 29 in Collin County State District Court.

Wilson, the founder...

Jun 29
2017

Timothy Eugene White: Indicted

Timothy Eugene White of San Angelo was charged with seven counts of theft on June 29 in the 340th District Court of Tom Green County for allegedly stealing at least $517,000 through the sale of investment units in a private sports games company.

White was arrested in late July in Tom...

Jun 8
2017

Lawrence Allen DeShetler: Guilty Plea

Lawrence Allen DeShetler, an investment adviser and former certified financial planner in The Woodlands, pleaded guilty to mail fraud June 8 in U.S. District Court in Beaumont.

DeShetler fraudulently obtained $1.9 million from five clients of his advisory business, DeShetler &...

May 22
2017

Alan Derek Jernigan: Sentenced

Alan Derek Jernigan was sentenced May 22 to 10 years probation, a condition of which was full restitution of $340,960 to five investors in a fraudulent scheme involving the sale of medical kits overseas.

Jernigan lived in the Houston area when he sold investments in deals that would...

May 10
2017

Juan Miguel López: Indicted

Juan Miguel López , the owner of Mito Financial LLC in Addison and affiliated companies, was arrested May 10 and faces charges of securities fraud, theft of property, and money laundering for allegedly defrauding individuals who invested millions of dollars in his companies. López had been...

May 5
2017

Allan George Cooper: Convicted

Allan George Cooper of Montgomery was convicted May 5 on charges of mail and wire fraud in connection with a $50 million investment scheme involving approximately 50 victims.

Cooper pleaded guilty to the charges in U.S. District Court for the Southern District of Texas. Sentencing is...

May 4
2017

David Elliott Rosen: Sentenced, 10 Years

Former entertainment promoter David Elliott Rosen of Austin was sentenced to 10 years to prison on May 4 for for a nearly $2 million fraud based on the sale of investments in his concert-promotion business.

Rosen pleaded guilty to securities fraud in Travis County State District Court....

Apr 11
2017

Robert A. Helms and Janniece S. Kaelin: Guilty Pleas

Robert Allen Helms and Janniece S. Kaelin pleaded guilty April 11 to federal charges of securities fraud, conspiracy to commit securities fraud, and mail fraud for swindling investors in companies that were supposedly purchasing oil and gas royalties.

Helms and Kaelin pleaded guilty...

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