July 14, 2022
A Texas man who operated a $13 million "Ponzi-type scheme" must pay back $2.8 million of the ill-gotten gains, a Dallas federal judge ordered Wednesday.
November 03, 2020
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.
March 07, 2017
A Texas federal judge confirmed a deal between the U.S. Securities and Exchange Commission and a man it accuses of a $13 million investment fraud that bars the defendant and two of his companies from violating federal securities laws, judgments entered on Tuesday show.
February 16, 2017
A Dallas man and two companies he founded bilked at least 100 victims out of more than $13 million through fraudulent securities offerings, according to a U.S. Securities and Exchange Commission complaint and preliminary injunction motion filed in Texas federal court and unsealed Thursday.