McKinney Man Who Ran Ponzi Scheme Gets Prison Time, Ordered To Pay $13M In RestitutionA McKinney man who ran a Ponzi scheme has been sentenced to 5 years in federal prison and ordered to pay $13 million in restitution to his victims.
Sources: Multiple Dallas Police Officers Being Investigated For Roles In Alleged Ponzi SchemeMost of those who paid into the scheme are officers, but it’s possible some people outside the department were victimized.
Dallas Area Fraudster Jose Anibal Linares Sentenced To 5 Years In Prison For $2 Million Ponzi SchemeJose Anibal Linares of Honduras was sentenced to five years in federal prison for conning investors out of roughly $2 million.
Dallas Area Fraudster Pleads Guilty In $2 Million Ponzi SchemeJose Anibal Linares, 42, who operated JC Loans Finance and Inversiones JC Dallas, admitted he falsely told investors their funds were “insured by the FDIC.”
Two Sentenced In North Texas Multi-Million Dollar Investment Fraud SchemeTwo Texas men were sentenced to federal prison for an investment fraud scheme and ordered to pay $9 million in restitution to victims.
Dallas Jury Sends Man To Prison For 79 Years For Ponzi SchemeProsecutors say Juan Miguel Lopez sold fraudulent contracts in which investors were promised a return on money that was supposed to finance small business loans.
Southlake Woman Gets 10 Years For Ponzi SchemeThe former owner of a North Texas title company who stole millions from customers and referred to herself as the "Millennium Mobster" has been sentenced to 10 years in prison.
Dallas County Twins Sentenced After Bilking $2.1M From InvestorsAccording to information presented in court, the Wagner brothers perpetrated what amounted to a Ponzi scheme that caused investors to lose over $2.1 million.
North Texas Adviser Charged With Securities Fraud, TheftRegulators say a North Texas financial adviser who used radio advertising and held investment seminars has been indicted in an alleged $6 million Ponzi scheme.
Colleyville Businessman Arrested For Running Ponzi Oil And Gas Fraud SchemeA Colleyville businessman, who operated an oil and gas exploration company, was arrested Wednesday by U.S. Postal Inspectors on a federal criminal complaint charging him with mail fraud.
Tarrant County Men Sentenced for Running $2.4 Million Ponzi SchemeBoth were sentenced to five years in federal prison and ordered to pay $2,373, 462 in restitution.
Waco Businessman Pleads Guilty In $8.4M Ponzi SchemeA ex-financial planner in Central Texas faces up to 20 years in prison for running a Ponzi scheme and stealing nearly $8.4 million from clients.
Fort Worth Man Sentenced For Ponzi SchemeA North Texas man must serve nearly seven years in federal prison and repay $4.6 million for running an oil and gas Ponzi scheme.
Feds Announce 1st Bitcoin Securities Fraud Case Against Texas ManA New York prosecutor says the federal government has brought its first bitcoin securities fraud case, accusing a 32-year-old Texas man of engineering a bitcoin Ponzi scheme.
Colleyville Man Who Fled To Greece Sentenced In Ponzi ScamA businessman from Colleyville who fled to Greece after pleading guilty to running a Ponzi scheme has been returned and sentenced to more than 17 years in a U.S. prison.