Local

Last Defendant In Dallas-Based Scam Gets 10 Years

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

1133928 Last Defendant In Dallas Based Scam Gets 10 YearsPick The Best Halloween Candy

181572784 8 Last Defendant In Dallas Based Scam Gets 10 YearsFunny Faced Cheerleaders

 alt=Musicians Then And Now

452359772 10 Last Defendant In Dallas Based Scam Gets 10 YearsBikini Models Because We're Missing Summer

 alt=Celebrities And Their Dogs

cowb thumb Last Defendant In Dallas Based Scam Gets 10 YearsCowboys Cheerleaders

DALLAS (AP) – A federal judge in Dallas has ordered 10 years in prison for the final defendant in a $13 million investment scheme mainly targeting the elderly.

Adley Husni Abdulwahab must serve the Texas sentence consecutively to a 60-year Virginia term he’s now serving over a $100 million life insurance scheme. He must also make restitution in the Texas case.

Abdulwahab last year pleaded guilty in Dallas to securities fraud during 2006 and 2007. He’s the third defendant over failed investments in the W Financial Group.

Michael Wallens Sr. of Nantucket, Mass., and his son Michael Wallens Jr. of Plano earlier pleaded guilty to securities fraud. The father was sentenced to 41/2 years in prison, while the son received a five-year term.

Abdulwahab was sentenced Friday.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: