DBJ: Prison Sentences Handed Down for UDF Execs

May 21, 2022 Bill Hethcock of the Dallas Business Journal

The CEO of Grapevine-based United Development Funding along with three other company executives are expected to spend years behind bars after a sentencing hearing this morning in federal court in Fort Worth.

A federal jury on Jan. 21 found Hollis Greenlaw and three other officers of UDF guilty on all 10 counts each faced. The convictions included securities fraud, conspiracy to commit securities fraud, and conspiracy to commit wire fraud affecting a financial institution, among others.

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