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...

Apr 7
2017

Mark Christopher Parman: Sentenced, 6 Years

Mark Christopher Parman of Frisco, who raised approximately $850,000 from investors in oil and gas projects, was sentenced to six years in state prison on April 7 after pleading guilty to securities fraud in the 199th State District Court in Collin County.

Parman sold interests in oil...

Mar 14
2017

Rodney Wagner, Roger Wagner: Sentenced, 4 Years Each

Twin brothers Rodney Wagner and Roger Wagner were each sentenced on March 8 to four years in federal prison after pleading guilty to conspiracy to commit wire fraud in a foreign currency trading operation. The Wagners were also ordered to pay $1.9 million in restitution to 91 investors in the...

Mar 10
2017

Dean Lester Springer: Sentenced, 12 Months and 1 Day

Dean Lester Springer of Palm Desert, Calif., was sentenced on Feb. 24 to one year and one day in federal prison for helping to defraud investors who bought interests in shipping containers. Springer, who had earlier pleaded guilty to one count of securities fraud, was sentenced in the U.S....

Feb 27
2017

Patrick Lee Downing: 10 Years Probation

Patrick Lee Downing of Mesquite pleaded guilty to securities fraud and theft in Dallas County State District Court on Feb. 27 for defrauding investors in and oil and gas drilling venture. Downing was sentenced to 10 years probation and ordered to a total of $162,500 in restitution.

...

Jan 30
2017

Ronald Terry Dunn: Indicted

Ronald Terry Dunn of Haltom City was indicted Jan. 30 in Tarrant County for theft of property of between $100,000 and $200,000. The victims named in the indictment are 65 years of age or older, which under state law makes the charge a first-degree felony.

Dunn is a former registered...

Dec 20
2016

John Patrick Acord: Sentenced, 5 Years

John Patrick Acord was sentenced to five years in federal prison on Dec. 20 and ordered to pay $8.2 million in restitution after pleading guilty to securities fraud in U.S. District Court for the Southern District in Houston.

Acord was the chief financial officer of Intermodal Wealth...

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