Enforcement Actions Criminal Civil

Timothy A. McMurray and Bradley D. Woy , pled guilty on April 3, 2005 in the United States District Court, Northern District of Texas, Dallas Division, Cause Number 3:03-CR-270-N to Securities Fraud. They were sentenced to 30 and 32 months respectively in federal prison and ordered to pay $1,864,591...

Montgomery Lee Merrell , doing business as CMI Financial, pled guilty to felony charges of selling unregistered securities and selling securities without being registered as a securities dealer on March 18, 2005 in the 297th District Court of Tarrant County, Texas, Cause No. 0818605D. Merrell...

Stuart Rogers Cole , of Dallas, Texas, president of PetroQuest Development, Inc. was convicted on March 9, 2005 in the United States District Court, Northern District of Texas, Dallas Division, Case No. 3:03-CR-431-D(01), on four counts of securities fraud, five counts of mail fraud, one count of...

Gary Raymond Moss , of El Paso, Texas, doing business as Oxford American Benefits Trust (“OABT”) and American Living Trust Services (“ALTS”), was indicted on March 2, 2005 in the United States District Court for the Western District of Texas, El Paso County, on eight counts of wire fraud, four...

Jules B. Fleder , of Beverly Hills, California, was indicted on March 1, 2005 in the US District Court, Eastern District of Texas, Tyler Division, Cause No. 6:05CR16, on five counts of mail fraud in the sale of $2 million in investments in the Prairie Lake Estates, LP real estate development project...

Lori Lea Burrow , of Austin, Texas, a sales agent of PaymentWorks, Inc. d/b/a XpressPay ATM, pled guilty on February 18, 2005 in the 331st Judicial District Court of Travis County, Texas, Cause No. 1030856, to the sale of securities without being registered as a dealer or agent. Ms. Burrow was...

Oliver Meza , of San Antonio, Texas, pled nolo contendere on February 10, 2005 in the 144th District Court, Bexar County, Texas, Cause No. 2004CR2441B, to misapplication of fiduciary property over $200,000. Meza was sentenced to 10 years in prison and ordered to pay $180,135.20 in restitution. Meza...

Lanny Blake Lown , doing business as One West Financial Services, was enjoined on January 31, 2005 in the 250th Judicial District of Travis County, Texas with a Permanent Injunction and was ordered to pay restitution of $14,000,000 to investors. The Court further appointed a Permanent Receiver for...

Bryan Wilson Taylor , of Dallas, Texas, doing business as A Diamond Is Forever and as the Bryan Taylor Group, pled guilty to wire fraud on October 20, 2004, in the U.S. District Court, Northern District, Dallas Division, Cause No. 3:04-CR-150-P. On January 12, 2005, Mr. Taylor was sentenced to36...

Jerrold Wayne Myers , of Bartlesville, Oklahoma doing business as Third Day, Ltd., pled guilty to securities fraud on October 12, 2004, in the U.S. District Court, Northern District, Dallas Division Cause No. 3:04-CR-150-P. On January 12, 2005, Mr. Myers was sentenced to 10 months in prison and...