Texas Man Pleads Guilty To $13M Securities Fraud

By Morgan Conley (November 3, 2020, 7:19 PM EST) -- A Texas man who ran a $13 million "Ponzi-type scheme" by persuading over 100 investors to buy into private funds by overstating their earning capability and then misused the money, pled guilty to securities fraud Tuesday, according to an announcement from federal prosecutors....

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