Enforcement Actions Criminal Civil

Jun 29
2017

Arthur P. Wilson: Sentenced, 8 Years

Arthur P. Wilson of Addison, who sold approximately $400,000 in fraudulent investments in non-existent oil and gas drilling projects, pleaded guilty to securities fraud and was sentenced to eight years in state prison on June 29 in Collin County State District Court. Wilson, the founder and owner of...
Jun 29
2017

Timothy Eugene White: Indicted

Timothy Eugene White of San Angelo was charged with seven counts of theft on June 29 in the 340th District Court of Tom Green County for allegedly stealing at least $517,000 through the sale of investment units in a private sports games company. White was arrested in late July in Tom Green County...
Jun 8
2017

Lawrence Allen DeShetler: Guilty Plea

Lawrence Allen DeShetler, an investment adviser and former certified financial planner in The Woodlands, pleaded guilty to mail fraud June 8 in U.S. District Court in Beaumont. DeShetler fraudulently obtained $1.9 million from five clients of his advisory business, DeShetler & Company Inc. He faces...
May 22
2017

Alan Derek Jernigan: Sentenced

Alan Derek Jernigan was sentenced May 22 to 10 years probation, a condition of which was full restitution of $340,960 to five investors in a fraudulent scheme involving the sale of medical kits overseas. Jernigan lived in the Houston area when he sold investments in deals that would purportedly...
May 10
2017

Juan Miguel López: Indicted

Juan Miguel López, the owner of Mito Financial LLC in Addison and affiliated companies, was arrested May 10 and faces charges of securities fraud, theft of property, and money laundering for allegedly defrauding individuals who invested millions of dollars in his companies. López had been indicted...
May 5
2017

Allan George Cooper: Convicted

Allan George Cooper of Montgomery was convicted May 5 on charges of mail and wire fraud in connection with a $50 million investment scheme involving approximately 50 victims. Cooper pleaded guilty to the charges in U.S. District Court for the Southern District of Texas. Sentencing is scheduled for...
May 4
2017

David Elliott Rosen: Sentenced, 10 Years

Former entertainment promoter David Elliott Rosen of Austin was sentenced to 10 years to prison on May 4 for for a nearly $2 million fraud based on the sale of investments in his concert-promotion business. Rosen pleaded guilty to securities fraud in Travis County State District Court. He was...
Apr 11
2017

Robert A. Helms and Janniece S. Kaelin: Guilty Pleas

Robert Allen Helms and Janniece S. Kaelin pleaded guilty April 11 to federal charges of securities fraud, conspiracy to commit securities fraud, and mail fraud for swindling investors in companies that were supposedly purchasing oil and gas royalties. Helms and Kaelin pleaded guilty before U.S...
Apr 7
2017

Mark Christopher Parman: Sentenced, 6 Years

Mark Christopher Parman of Frisco, who raised approximately $850,000 from investors in oil and gas projects, was sentenced to six years in state prison on April 7 after pleading guilty to securities fraud in the 199th State District Court in Collin County. Parman sold interests in oil and gas...
Mar 16
2017

Michael T. Beste: Indicted

Michael T. Beste was indicted March 16 in Collin County on charges of engaging in organized criminal activity and money laundering for allegedly facilitating the sale of fraudulent investments in the benefits of life insurance policies. Beste allegedly participated in the sale of fraudulent...