Enforcement Actions Criminal Civil

Nicholas Mitsakos , of Lewisville, Texas, as President of Petromerica Resources, LLC was indicted on January 12, 2005 in the US District Court, Eastern District of Texas, Sherman Division on one count of securities fraud, one count of wire fraud and 22 counts of mail fraud. Mr. Mitsakos is charged...

Richard Manuel Martinez of San Antonio,was sentenced to a 10-year term of deferred adjudication on Nov. 9, 2004, in the 144th Judicial District Court of Bexar County, for the offense of securities fraud in the amount of more than $100,000. Martinez and Oliver Meza had been charged with engaging in...

James Eugene Graves , of Claude, Texas, was charged on October 5, 2004 in Bailey County Court, Bailey County, Texas with two misdemeanor counts of selling real estate without being duly licensed as a real estate broker or salesperson in connection with his alleged sales of fraudulent timeshare...

Danny Ray Digman Sr. of Austin, the former Chairman of the Board of Paymentworks, Inc., an ATM machine company, pleaded guilty on Sept. 8, 2004 in the 331st Judicial District Court, Travis County, Texas to securities fraud, selling unregistered securities and selling securities while not registered...

Damon Mark Lewis , of Dallas, Texas, doing business as Celtic Crown Capital Management, Inc. a/k/a Celtic Crown Capital and Celtic Crown Aggressive Fund, LP, was indicted on June 7, 2004 and August 11, 2004, in the 191st District Court in Dallas County, Texas for securities fraud, theft by deception...

Charles M. Langston of Highland Park, Texas, doing business through Southwest Reserves, Inc. and Arklatex Productions, Inc. was indicted on August 3, 2004, in the United States District Court for the Northern District of Texas, Dallas Division for securities fraud, mail fraud, money laundering, and...

Carl W. King , of Dallas, Texas, doing business as Carl W. King Investments, LLP, was sentenced to 87 months in federal prison by U.S. District Judge Richard A. Schell, in the U.S. District Court, Sherman, Texas on July 27, 2004. King pled guilty to Count One of an Information charging him with Mail...

On June 18, 2004 Norman Paul Cowart, Sr. was charged, as a habitual offender, with securities fraud and sale of securities by an unregistered securities dealer by the Grand Jury in the 43rd District Court, Parker County, Texas. The indictment alleges that Cowart failed to disclose to an investor in...

Steven Charles Landrum , doing business as Summit Financial Services, Inc. was found guilty of theft of an amount over $200,000 and sentenced to 15 years in prison and a $10,000 fine by a Baily County jury in Muleshoe, Texas on April 23, 2004. Judge Gordon H. Green also ordered Landrum to pay...

Larry W. Tyler , of Fort Worth, Texas was indicted by a Federal Grand Jury on April 21, 2004, in the U.S. District Court for the Northern District of Texas, Dallas Division. The two-count indictment alleges securities fraud and wire fraud in connection with Tyler's sale of viatical settlement...