Texas felon charged with frauding loans to pay for personal expenses

A Texas ex-con with prior convictions of theft is facing charges of security fraud, theft, and money laundering. According to the Texas State Securities Board, Larry David Eckenrode of McKinney allegedly used money from a short-term loan program to pay for his personal expenses. The loans were made to international fuel businesses. Eckenrode was previously convicted…

Cedar Park man pays restitution after alleged securities fraud

The Texas State Securities Board (TSSB) recently announced a plea agreement from Robert Patrick McGann of Cedar Park, Texas, who allegedly stole money from investors. McGann will pay full restitution of $141,234, receive seven years deferred adjudication and surrender his license to sell insurance in Texas. McGann, who has never been registered to sell securities in Texas, took money…

15-Year Sentence for Securities Fraud Against Elderly

The Texas State Securities Board announced last week that Charles Wayne Kilway of North Richland Hills was sentenced to 15 years in state prison for fraudulent securities sales and theft of property from the elderly. Kilway allegedly stole $10,000 or more. Kilway was also sentenced to 10 years in prison for violating the conditions of…

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…

Texas attorney gets 20 years for fraudulent oil and gas schemes

The Texas State Securities Board just announced that a long prison sentence was handed down to Frisco, Texas attorney Kelly Gordon Rogers for first degree felony theft. Rogers was found guilty of stealing $1.3 million from investors in fraudulent oil and gas schemes. On May 28, Rogers was sentenced to 20 years in state prison and ordered to…

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…

Former UT star Erxleben continues to ‘Break Bad’

Anybody else remember University of Texas football star Russell Erxleben? I used to love watching him on TV when I was a kid. He was an amazing kicker. Lately he’s more infamous than famous, having been sentenced to prison in 2000 for a fraudulent currency scheme. Talk about Breaking Bad. According to a report from…

Man gets 40-year sentence for defrauding elderly women

The Texas State Securities Board just announced a 40-year prison sentence for a man who cheated over a half million dollars from elderly women. Robert Joseph Mangiafico Jr. convinced the women to buy non-existent annuities. On Sept. 18 he was sentenced to 40 years in state prison after pleading guilty to theft and money laundering. Mangiafico…

David Kevin Lewis convicted of securities fraud

The law just caught up with a man pushing shady oil and gas investments — again. The Texas State Securities Board announced the conviction of David Kevin Lewis, chairman and director of field operations for Always Consulting Inc. (ACI). Lewis allegedly helped pull off a multi-million-dollar scam based on the sale of oil and gas offerings. On…