Enforcement Actions Criminal Civil

Oct 4

Mejdi Mahmoud Abousaoui: Guilty Plea

Mejdi Mahmoud Abousaoui was sentenced to serve 25 years in state prison after pleading guilty to first-degree securities fraud. Abousaoui paid $210,454.70 in up-front restitution and was ordered to pay the remaining balance of $2,803,271.56 of outstanding restitution. Abousaoui was prosecuted in the...
Jul 29

Time Out for Joseph Seth Foster – Oil and Gas Investment Scheme Halted

Joseph Seth Foster, a former licensed agent from Lubbock, was convicted for operating a fraudulent oil and gas scheme. On July 29th, he was sentenced to serve two 11-year prison terms in state prison for each charge of securities fraud and theft. The sentences will run concurrently. The evidence...
Jul 27

Recidivist Brad Haycraft Indicted in Helium Well Investment Scheme

Bradley Sherman Haycraft, 48, was indicted by a grand jury in Collin County. He was charged with illegally selling investments in the Petrified Forest Prospect, a helium well project in the Petrified Forest National Park in Arizona. He was recently arrested on the charges. The Securities...
Jun 8

Richard Gregory Tilford: Convicted

On June 8, 2021, Richard Gregory Tilford, from Arlington, was sentenced to serve 40 years in state prison for engaging in a fraudulent digital marketing investment scheme. He was also sentenced to serve 10 years in prison for each of six counts of selling unregistered securities and 10 years in...
Jun 3

Swindler Sentenced to Federal Prison for $6.8M Securities Fraud Scheme

A federal judge sentenced 45-year-old Christopher Matthew Meredith of Shawnee, Kansas to 14 years in federal prison today for his scheme to defraud investors of more than $6.8 million. Department of Justice Press Release
May 19

Carl William Pollock - Indicted

Carl William Pollock was indicted by a Travis County Grand Jury and charged with securities fraud, theft and money laundering in connection with a scheme to raise capital for Austin-based healthcare companies. The charges are first degree felony offenses, meaning Pollock faces up to 99 years or life...
Apr 14

Indictment Handed Up in Quesadilla Caper

On April 7, 2021, a federal grand jury sitting in the Western District of Texas handed up a now unsealed indictment against Juan Enrique Kramer, Adriana Pastor, Noel Olguin and Karina Hernandez. The indictment alleges Kramer and Pastor, his wife, promoted turnkey investments tied to Las Quesadillas...
Jan 20

Sarah Helen Hancock: Indicted

In January 2021, Sarah Helen Hancock was indicted by a Dallas County Grand Jury. She stands accused of engaging in fraud while working as an investment adviser representative and misapplying fiduciary property belonging to more than 20 different clients. The crimes allegedly occurred pursuant to a...
Jan 5

Bruce and Martha Pollock: Indicted

On January 5, 2021, Bruce and Martha Pollock surrendered and appeared in Harris County District Court on felony charges of misapplication of fiduciary property and securing execution of a document by deception. The indictments allege that Bruce and Martha Pollock took $15,000.00 from an elderly...
Dec 1

Wilson Alejandro Montoya: Arrested, Indictments Unsealed

Wilson Alejandro Montoya was arrested last week. He was previously indicted by a grand jury in Dallas County, but the charges were sealed pending his arrest. The indictments are now public. Montoya is charged with securities fraud, theft and money laundering. According to the securities fraud...