Enforcement Actions Criminal Civil

Larry J. Kuncl , of Upland, California, pled guilty on February 21, 2007, in the United States District Court, Northern District of Texas, Dallas Division, Cause No. 3:04-CR-345-M to one count of securities fraud. Kuncl was ordered to pay restitution of $7,000,000 to approximately 1700 victims. The...

Saulo Abraham Muñoz , of El Paso, Texas, was indicted on February 7, 2007, in the 41st Judicial District Court of Texas in El Paso County, Cause No. 20070D0480, on charges of securities fraud. Muñoz is alleged to have represented to investors that he would pool their funds, invest those funds in the...

Stanley James, Jr. , of Richmond, Texas, was indicted on February 2, 2007, in the 400th District Court, Fort Bend County, Texas, Cause No. 07032047 on charges of misapplication of fiduciary property, money laundering, and theft in the amount of $933,344.49, involving the offer for sale and the sale...

Joshua Nathan Setser , of Canton, Texas, was convicted on January 16, 2007, in the U.S. District Court, Northern District of Texas, Dallas Division, Cause No. 3-03:CR-381-M, on one count of securities fraud and aiding and abetting. He was ordered to serve 24 months in federal prison, followed by six...

Roberto Riojas , of Castroville, Texas, pled no contest on January 8, 2007, in the 379th District Court of Bexar County, Texas, Cause No. 2005CR3960B, to second degree misapplication of fiduciary property for his role in a day-trading scheme. On May 31, 2007, Riojas turned over a cashier's check for...

Charles Dwain Davis, Jr. , of Dallas, Texas, was sentenced on December 12, 2006, in the United States District Court, Northern District of Texas, Dallas Division, following his guilty plea in July 2006 to one count of securities fraud. Davis admitted that while working as a registered securities...

Phillip Ronald Richardson , of The Woodlands, Texas, pled guilty on December 5, 2006, in the 177th District Court, Harris County, Texas, Cause No. 1060965 to securities fraud. Richardson was involved in the offer for sale and the sale of stock issued by ETG Technologies, Inc. He was sentenced to two...

Jack Arnold Brown of Marshall, Texas, was convicted on November 16, 2006, in the United States District Court, Eastern District of Texas, Tyler Division, Cause No. 6:05CR00033-001, on one count of conspiracy to commit securities fraud and mail fraud. Brown conspired with Jules B. Fleder to raise...

Michael David George of Austin, Texas, was indicted on November 15, 2006, in the United States District Court, Western District of Texas, San Antonio Division, Cause No. SA-06-CR-600-XR. George is charged with one count of securities fraud, two counts of mail fraud, and one count of money laundering...

Bruce Barney Strahan, Jr. of Temple, Texas, pled guilty on November 9, 2006, in the 15th Judicial District Court, Grayson County, Texas, Cause No. 054741-15, to selling unregistered securities and selling securities without being registered as a securities dealer or agent. Strahan was a sales agent...