Enforcement Actions Criminal Civil

Richard August Lowrance, Sr. of Portland, Texas, plead nolo contendere on January 30, 2006 in the 319th Judicial District Court in Nueces County, Texas, Cause No.'s 05-CR-4142-G, and 06-CR-0404-G, to violations of the registration requirements of the Texas Securities Act. Lowrance was sentenced to...

Richard August Lowrance, Sr . of Portland, Texas, was indicted on December 1, 2005 in the 319th Judicial District Court in Nueces County, Texas, Cause No. 05-CR-4142-G, for violations of the registration requirements of the Texas Securities Act. Lowrance was a sales agent for Premium Income Corp., a...

Gregory Earl Setser , Cynthia Faye Setser , Deborah J. Setser , Charnelle Laura Setser , Joshua Nathan Setser and Torsten Thomas Henschke , doing business through IPIC International, Inc. and affiliated companies, were re-indicted on November 30, 2005 in the U.S. District Court, Northern District of...

Donald J. Taylor of San Antonio, Texas, president and owner of Cimarron Operating, Inc. and Texas Southern Energy Corp., was indicted on November 16, 2005 in the United States District Court, Western District of Texas, San Antonio Division, Cause No. SA-05-CR-733XR for securities fraud, mail fraud...

Bruce Frank Ruark of Austin, Texas, was indicted on November 7, 2005 in the 277th Judicial District Court in Williamson County, Texas, Cause No. 05-1176-K277. Ruark was charged with acting as an unregistered sales agent in the sale of the unregistered securities issued by Mobile Billboards of...

Benny Lynn Holland of Katy, Texas, was indicted on September 28, 2005 in the 91st Judicial District Court in Eastland County, Texas, Cause No. CR-05-20773, for violations of the registration requirements of the Texas Securities Act. Holland is charged with acting as an unregistered sales agent in...

Micheal Ray Gee, aka Micheal Ray Wright of Keller, Texas, was indicted on September 8, 2005 in the 203rd Judicial District Court in Dallas County, Texas, Cause No. F-05-01302, and Cause No. F-05-01304 for securities fraud and misapplication of property by a fiduciary. Gee is charged with raising...

Randall T. Treadwell , of Atlanta, Georgia; Arnulfo Medina Acosta , of Edinburg, Texas; Ricky D. Sluder , of Troup, Texas; and Larry C. Saturday , of Savannah, Georgia; doing business through Qwest International, Inc.; Wealth Builders Club, Inc.; and Learn Waterhouse, Inc., were indicted on...

John Kareem Wannamaker , of Dallas, Texas, Patrick Price , of High Ridge, Missouri, and Nancy Harlan Saporta , of Denver, Colorado, doing business through 3KTrade.com, Inc., were indicted on July 20, 2005 in the U.S. District Court, Northern District of Texas, Cause No. 305-CR-0184K for Conspiracy...

James H. Gentry of Sanger, Texas, president of Federal Funding, Inc. and First Realty of the Southwest, Inc. was indicted on June 30, 2005 in the 16th Judicial District Court in Denton County, Texas, Cause No. F-2005-1107-B for theft of $200,000 or more. In 2003 and 2004, Gentry allegedly sold bonds...