Enforcement Actions Criminal Civil

Tracy Morgan Spaeth , a former investment adviser representative in Lubbock, pleaded no contest to the sale of unregistered securities on Dec. 4, 2014, in Lubbock County State District Court. Spaeth's sentence was suspended and he was placed on eight years of community supervision. The Texas...

The grand jury of the Southern District of Texas on Oct. 1 handed down a superseding indictment charging John Patrick Acord and Dean Lester Springer Jr. with wire fraud, conspiracy to launder funds, mail fraud, and securities fraud. The indictment alleges that Jones, the chief financial officer of...

William Charlton Mays IV , a former investment adviser representative in Corpus Christi, was sentenced to 20 years in state prison on Sept. 18 after being convicted on securities fraud and theft charges in the 214th State District Court of Nueces County. He was also ordered to pay $102,117 in...

Christopher Anthony Zaal of McKinney, who did business as Southwest Financial Group, was arrested Sept. 8 after having been indicted in Collin County on charges of securities fraud and money laundering for obtaining at least $2.27 million in fraudulent investment schemes. Zaal allegedly committed...

A Brazoria County grand jury on June 5 indicted Alan Derek Jernigan of Lakeway on charges of securities fraud, money laundering, and aggregated theft for the alleged offer for sale and sale of investments in deals to export medical test kits to foreign countries. The indictment alleges that Jernigan...

Frisco attorney Kelly Gordon Rogers , convicted of first-degree felony theft for stealing $1.3 million from investors in fraudulent oil and gas schemes, was sentenced to 20 years in state prison on May 28 in Collin County State District Court. The jury also ordered Rogers to pay a $10,000 fine...

Stephen Patrick Jones pleaded guilty May 1 in U.S. District Court in Houston to conspiracy to commit wire fraud. Jones' sentencing date has not been set. Jones was president of Intermodal Wealth Inc., a company that stole at least $5.5 million from investors. Jones and fellow Intermodal Wealth...

A Bell County grand jury indicted Andrew Joseph Longoria April 16 on charges of securities fraud, theft, and money laundering for the alleged sale of investments in notes, mutual funds, and real estate projects through a company called LRS Investments.

Derek A. Nelson of Edmond, Oklahoma, who allegedly stole $12 million from U.S. investors in a real estate investment program, was indicted March 25 in Collin County State District Court on charges of securities fraud, theft, and money laundering. According to the indictment, Nelson sold and offered...

Garry B. Smith of Garland was indicted by a Collin County grand jury March 25 on charges of theft, securities fraud, and money laundering for the alleged sale of fraudulent investments contracts in oil and gas drilling projects. A co-defendant, Robert James Nelson of Prosper, was indicted on the...