Enforcement Actions Criminal Civil

Feb 13
2020

Charles McAllister: Sentenced to 10 Years

U.S. District Judge Lee Yeakel on Feb. 13 sentenced Charles McAllister, the CEO of Austin-based Bullion Direct Inc., to 10 years in prison and ordered him to pay $16.1 million dollars in restitution to 5,800 victims of his scheme. A jury in U.S. District Court in Austin convicted McAllister on Oct...
Jan 16
2020

James A. Reid: 6 Years Community Supervision, Restitution

James A. Reid of Cedar Park, a former stockbroker, was sentenced to six years deferred adjudication and ordered to pay $93,500 in restitution to investors in his company's short-term investments fund. Reid was sentenced Jan. 16 in the 331st District Court of Travis County. He paid $75,000 of his...
Dec 19
2019

Nathaniel A. Brooks Jr.: Sentenced to 1 Year, Restitution

Nathaniel Anthony Brooks Jr. , who pleaded guilty to a fraudulent commodity trading scheme, was sentenced to one year and one day in federal prison in U.S. District Court in Austin on Dec. 20. Brooks pleaded guilty in October to a charge of monetary transaction in criminally derived property. Brooks...
Dec 18
2019

Ekeoma Jerry Onyeukwu: Indicted

A U.S. DIstrict Court grand jury in Austin on Dec. 17 indicted Ekeoma Jerry Onyeukwu, a resident of Nigeria who spoofed the Texas State Securities Board website to make it appear individuals who lost money in the worldwide BitConnect cryptocurrency fraud were eligible for partial refunds. The grand...
Dec 9
2019

Sean Patrick Riley: 10 Years Community Supervision, Restitution

Sean Patrick Riley of San Antonio was sentenced to 10 years deferred adjudication after pleading guilty to second-degree securities fraud in the 188th District Court of Gregg County. Riley paid $5,000 in restitution up front in the plea deal and was ordered to pay an additional $48,500 in future...
Nov 4
2019

Mejdi Mahmoud Abousaoui: Indicted

Mejdi Mahmoud Abousaoui was indicted Nov. 4 by a Fort Bend County grand jury on charges of securities fraud, money laundering, theft, and misapplication of fiduciary property. According to the indictment, Abousaoui raised more than $4 million from at least 70 investors from early 2015 until mid-2018...
Oct 4
2019

Charles McAllister: Convicted

A jury in U.S. District Court in Austin on Oct. 4 convicted Charles McAllister, the former CEO and owner of the Austin-based precious metals firm Bullion Direct Inc., of two counts of wire fraud and one count of engaging in a monetary transaction with criminally derived property. McAllister faces up...
Aug 29
2019

Jeffrey H. Tuiasosopo, Darla D. Tuiasosopo, and Bobby Lynn Teddlie Jr.: Indicted

A Coryell County grand jury on Aug. 29 returned indictments of Jeffrey Holbrook Tuiasosopo and Darla Denise Tuiasosopo of Copperas Cove and Bobby Lynn Teddlie Jr., a McKinney resident, on a charge of misappropriation of fiduciary property of $200,000 or more. The trio was indicted for allegedly...
Jul 17
2019

Daniel Christopher Walsh: Indicted (Harris County)

A Harris County grand jury indicted Daniel Christopher Walsh July 17 on first degree felony charges of securities fraud, money laundering, and theft in connection with the sale of investments in oil wells that were supposed to be drilled in Galveston County. The indictments were handed down five...
Jul 12
2019

Daniel Christopher Walsh: Sentenced, 18 Years

Daniel Christopher Walsh, a Galveston oilman who made money by keeping investor funds in his pockets – not in the ground, drilling wells –was sentenced to 18 years in state prison on July 12 after reaching a plea agreement in his fraud trial in Wichita County. Walsh pleaded guilty to money...