Enforcement Actions Criminal Civil

Apr 14
2004

Rufino Serna Muñoz

On April 14, 2004, Rufino Serna Muñoz and Jose Luis Balderas were sentenced to federal prison terms and the payment of $1,659,695.69 in restitution to 54 investors. On January 27, 2004, both men pled guilty in U.S. District Court, Southern District of Texas, Corpus Christi Division to Conspiracy to...
Apr 14
2004

Norman Paul Cowart

Norman Paul Cowart , of Fort Worth, Texas, was indicted on April 14, 2004, in the 27th Judicial District Court, Bell County, Texas, for selling securities while not registered as a securities dealer or agent. Cowart was indicted as a habitual offender based on numerous prior securities and theft...
Apr 12
2004

James Darrell Vaden

On April 12, 2004, James Darrell Vaden pled guilty to securities fraud in the 403rd Judicial District Court of Travis County and Judge Bill Bender sentenced him to a five-year prison term. Vaden sold stock in Vaden HydraTech, a company with a supposed revolutionary new engine, while failing to...
Apr 12
2004

Randal J. Floyd

Randal J. Floyd , of Dallas, Texas, acting as Trinity Financial Group and Texas Belle Communications, LLC, was indicted on April 12, 2004 in the 363rd Judicial District Court of Dallas County, Texas for Securities Fraud and Misapplication of Fiduciary Property. The indictment alleges that Floyd...
Apr 8
2004

Ron Lee Moss, Jr.

Ron Lee Moss, Jr. was sentenced on April 8, 2004 to 24 months in federal prison and to pay $540,368.82 in restitution to 27 victims. He was also sentenced to three years of supervised release upon release from prison. On October 29, 2003, Moss plead guilty in U.S. District Court, Eastern District of...
Mar 31
2004

Donatus and Juliana Ucheoma

Donatus and Juliana Ucheoma of Rowlett, Texas were indicted on March 31, 2004 in District Court in Dallas County, Texas for misappropriation of two complainants’ investments in a prime bank fraud scheme. They are charged with spending the investments on personal expenses, rather than holding the...
Mar 25
2004

Richard Manuel Martinez and Oliver Meza

On March 25, 2004, Richard Manuel Martinez and Oliver Meza , both of San Antonio, were indicted by the Bexar County Grand Jury, 144th District Court. Martinez and Meza were each charged with securities fraud, theft over the amount of $200,000, misapplication of fiduciary property and 22 counts of...
Feb 18
2004

Raymond Rodney Asebedo, aka Randy Asebedo

On February 18, 2004, Raymond Rodney Asebedo, aka Randy Asebedo , of Lubbock, Texas was indicted by a Lubbock County Grand Jury, 137th Judicial District Court, for engaging in fraud and fraudulent practices and for acting as a securities dealer or agent without being registered as a securities...
Feb 18
2004

Henry "Hank"Allan Clasen

On February 18, 2004 Henry "Hank"Allan Clasen and Davis "Ted"Theodore Schuch were indicted in U.S. District Court, Western District of Texas, San Antonio Division. The seventeen count indictment charges both Clasen and Schuch with conspiracy to commit securities, mail and wire fraud. Henry "Hank...
Feb 12
2004

John Mark Eseppi

John Mark Eseppi , was indicted on February 12, 2004 in the 292nd Judicial District Court in Dallas County, Cause No. F04-00189-GIR for engaging in fraud in connection with the sale of securities issued by Associates Capital Management Corp. dba ACM Yield Hedge intermediate term Joint Venture...