Enforcement Actions Criminal Civil

Norman Paul Cowart, Sr. , of Fort Worth, Texas, pled guilty on April 4, 2006 in the 43rd District Court, Parker County, Texas, Cause No. CR04-0232 to securities fraud in connection with the sale of stock of OLU.com, Inc. Cowart was sentenced to 10 years confinement in the Institutional Division of...

David Allan Hilburn; Box 40 Group, LLC; Brazos Valley Capital, LLC; and Mayhaw Capital Partners of Houston, Texas were enjoined on March 23, 2006 in the 98th Judicial District Court, in Austin, Texas. The Court entered orders of Permanent Injunction and Permanent Receivership based on evidence that...

Patrick Price , of High Ridge, Missouri, and Nancy Harlan Saporta , of Denver, Colorado, doing business through 3KTrade.com, Inc., were re-indicted on March 22, 2006 in the U.S. District Court, Northern District of Texas, Cause No. 305-CR-0184K for Conspiracy, Wire Fraud, Mail Fraud, and Securities...

Phillip Lee Head , and Wintford Evans Verkin, Jr. of Sugarland, and Galveston, Texas respectively, were indicted on March 21, 2006 in the 122nd Judicial District Court, Galveston County, Texas, Cause No.'s 06CR0955, and 06CR0956, for securities fraud. They were charged with engaging in fraud in...

Phillip Ronald Richardson , and Donna Wick Richardson of The Woodlands, Texas, were indicted on March 9, 2006 in the 177th District Court, Harris County, Texas, Cause No.'s 1060965, and 1060964, for securities fraud. They were charged with engaging in fraud in connection with the offer for sale of...

Carlos Jorge Hinojosa , of Mercedes, Texas, plead guilty on February 22, 2006 in the United States District Court, Southern District of Texas, Brownsville Division, to money laundering charges. Hinojosa was sentenced to 167 months in prison, 3 years supervised release and ordered to pay $6,659.493...

James David Gauch , of Allen, Texas, was indicted on February 9, 2006 in the 104th District Court, Taylor County, Texas, Cause No. 15912B, for securities fraud. Gauch, doing business as Restaurant Development Resource Network, Inc. (RDRN) allegedly sold 1,180,000 shares of RDRN for $118,000 to an...

Susan Marshall of Meadowlakes, Texas was indicted on February 7, 2006 in the 33rd Judicial District Court in Burnet County, Texas, Cause Nos. 32525, and 32526, for securities fraud and theft. Marshall was a party to selling investment agreements through Melvin Dean Marshall's Insurance company...

Steven Michael Herrera of Plano, Texas, was indicted on February 7, 2006 in the 140th Judicial District Court in Lubbock County, Texas, Cause No. 2006-411610, for theft. Herrera allegedly held himself out as a broker and persuaded an elderly man to wire $15,000 for the purpose of purchasing...

Melvin Dean Marshall of Meadowlakes, Texas, was indicted on February 7, 2006 in the 33rd Judicial District Court in Burnet County, Texas, Cause Nos. 32521, 32522, 32523, and 32524, for securities fraud, theft, and unregistered securities. Marshall was selling investment agreements through his...