Enforcement Actions Criminal Civil

On March 27, 2002, Jesse Aguilar of Round Rock, Texas, was sentenced by United States District Court Judge Sam Sparks to 51 months in federal prison to be followed by three years supervised release and restitution of over $1.2 million dollars in connection with his conviction for conspiracy to...

On March 6, 2002, Andrew Ramsey , age 36, pled guilty to interstate transportation of money obtained by fraud, in United States District Court, Dallas. Mr. Ramsey was indicted, along with other alleged co-conspirators, in connection with the sale of high yield investments relating to Progressive...

On February 20, 2002, Woody Keith Lowe was indicted by a Potter County Grand Jury in connection with the alleged sale of Omne SRL promissory notes in violation of the criminal provisions of the Texas Securities Act. In total, Mr. Lowe is alleged to have sold over $800,000 of the notes to Amarillo...

On February 13, 2002, Cameron O. Bailey was indicted by a Dallas County Grand Jury in connection with the sale of offshore certificates of deposit issued by Cambridge International Bank & Trust Company, Ltd. as well as for selling Taormina Omne SRL promissory notes. The grand Jury handed down 24...

On January 18, 2002, Charles E. Cole also know as Chuck Cole , pled guilty to two 56 count indictments alleging securities related violations, in the 249th District Court, in Johnson County, Texas. The case numbers are F34939/34940. Pursuant to his guilty plea Mr. Cole was sentenced to 5 years in...

On December 7, 2001, Judge R.E. Thornton for the 297th District Court for Tarrant County, Texas found Sharon June Hutchison guilty of ten counts of selling securities without being registered as a securities dealer or agent. Hutchison worked as a sales agent for CMI Financial, located in Fort Worth...

On December 5, 2001, Michael Earl Hill of Plano, Texas pled guilty to securities fraud and mail fraud before the Honorable Senior District Court Judge Jerry Buchmeyer. Doing business as Mike Hill, Inc. dba Financial Investments, Mr. Hill obtained approximately $3.9 million to purchase certificates...

On November 29, 2001, Jesse A. Aguilar of Round Rock, Texas pled guilty to conspiracy to commit securities fraud, wire fraud and mail fraud before United States District Court Judge Sam Sparks, in Austin, in connection with the fraudulent offering of Nortex Exploration, Inc. oil and gas interests...

On November 8, 2001, in the 338th District Court of Harris County, Texas, Dale Pickard was sentenced to 20 years in prison by District Judge Elsa Alcala, in connection with his conviction of one count of securities fraud involving an aggregate of over 24 transactions and $262,838.50 in investor...

On October 31, 2001, in Travis County, Texas, indictments were unsealed charging Hendrik Rienstra with securities fraud and theft. Mr. Rienstra was arrested in Belgium. The securities fraud indictment alleges that Mr. Rienstra was operating a Ponzi scheme and that he intentionally failed to disclose...