Former Corpus Christi investment advisor gets 20 years for securities fraud

Investors in William Charlton Mays IV’s operation may have thought they were buying gold and silver, but it turned out they were only investing in a pyramid. The Texas State Securities Board (TSSB) recently announced that Mays, a former investment adviser in Corpus Christi, Texas has received a 20-year prison sentence after being convicted on securities fraud and…

Former Corpus Christi investment advisor indicted for securities fraud

All that glitters isn’t gold. And sometimes gold isn’t even gold… The Texas State Securities Board just announced the indictment of a former investment advisor in Corpus Christi who allegedly made deceptive guarantees to six clients who invested $225,000 in a gold, silver and commodities operation. William Charlton Mays IV sold the investments in 2011…