Enforcement Actions Criminal Civil

Mar 14
2017

Rodney Wagner, Roger Wagner: Sentenced, 4 Years Each

Twin brothers Rodney Wagner and Roger Wagner were each sentenced on March 8 to four years in federal prison after pleading guilty to conspiracy to commit wire fraud in a foreign currency trading operation. The Wagners were also ordered to pay $1.9 million in restitution to 91 investors in the fraud...
Mar 10
2017

Dean Lester Springer: Sentenced, 12 Months and 1 Day

Dean Lester Springer of Palm Desert, Calif., was sentenced on Feb. 24 to one year and one day in federal prison for helping to defraud investors who bought interests in shipping containers. Springer, who had earlier pleaded guilty to one count of securities fraud, was sentenced in the U.S. District...
Feb 27
2017

Patrick Lee Downing: 10 Years Probation

Patrick Lee Downing of Mesquite pleaded guilty to securities fraud and theft in Dallas County State District Court on Feb. 27 for defrauding investors in and oil and gas drilling venture. Downing was sentenced to 10 years probation and ordered to a total of $162,500 in restitution. Downing sold...
Jan 30
2017

Ronald Terry Dunn: Indicted

Ronald Terry Dunn of Haltom City was indicted Jan. 30 in Tarrant County for theft of property of between $100,000 and $200,000. The victims named in the indictment are 65 years of age or older, which under state law makes the charge a first-degree felony. Dunn is a former registered securities agent...
Dec 20
2016

John Patrick Acord: Sentenced, 5 Years

John Patrick Acord was sentenced to five years in federal prison on Dec. 20 and ordered to pay $8.2 million in restitution after pleading guilty to securities fraud in U.S. District Court for the Southern District in Houston. Acord was the chief financial officer of Intermodal Wealth Inc. , a...
Dec 15
2016

Everett Craig Williams: Indicted

Everett Craig Williams of Round Rock was indicted by a Nueces County Grand Jury on Dec. 15 on one charge of securities fraud for allegedly selling investment agreements issued by Favor Ministries Inc. without telling investors he owes more than $5 million in civil judgments and tax liens. Williams...
Dec 5
2016

Reynaldo Peralez: Indicted

Reynaldo Peralez of San Antonio was indicted Dec. 5 by a Bexar County grand jury for securing the execution of a document by deception to perpetrate an investment fraud. According to the indictment, from 2009 to 2010 Peralez raised $39,000 from one investor in five separate transactions. Peralez...
Nov 17
2016

Timothy Lloyd Booth: Indicted

Timothy Lloyd Booth of Plano was indicted for securities fraud and other charges in connection with raising $6.3 million from investors in StaMedia Inc. of Dallas, an internet advertising company, and spending some of the funds on luxury automobiles and other personal expenses. Booth allegedly did...
Nov 8
2016

Susan Gay Pruitt: Sentenced, 22 Years

Susan Gay Pruitt, who sold interests in non-existent oil and gas exploration projects in Texas and three other states, was sentenced to 22 years in prison on Nov. 8 in Collin County State District Court. Pruitt pleaded guilty to theft and money laundering. Judge Benjamin N. Smith sentenced her to 22...
Sep 22
2016

Cammie R. Booth: Indicted

Cammie R. Booth of Plano was indicted Sept. 22 in Collin County State District Court on one count of securing execution of document by deception and six counts of making false statements to obtain property or credit. The indictment alleges that Booth made false statements to automobile dealerships...