Six Charged in Frequent Flyer Hacking Scam
North Texas federal prosecutors have charged six men in a scheme that marketed airline travel booked with hacked frequent flier miles. Bruce Tomaso explains.
Red Oak Husband and Wife Go to Prison for Embezzlement Scam
White-collar federal prosecutors Nick Bunch and Christopher Stokes of Dallas notched another victory for the government last week when Vantage Benefits Administrators co-owners Wendy Richie and Jeffrey Richie were sentenced to several years in prison for their roles in a $15.2 million fraud scheme.
McKinney Investor Pleads Guilty to $13M Securities Fraud
North Texas venture capitalist Patrick O. Howard pleaded guilty Tuesday via video teleconference to running a Ponzi-type scheme and committing federal securities fraud in 2015, 2016 and 2017. The Texas Lawbook has details.
Fifth Circuit Again Rules for Receiver in Stanford Ponzi Case
The U.S. Fifth Circuit once again ruled against an investor in Stanford International Bank, the notorious Houston-based Ponzi scheme. The ruling likely signals an end to at least one thread of litigation in the 11 years since its $7 billion collapse. Allen Pusey explains.
DBJ: Investigators Allege DFW Man used Millions of PPP Dollars on Houses, Luxury Cars
U.S. Attorney Erin Nealy Cox said the Coppell man "exploited this terrible pandemic for personal gain."
Texas AG Paxton: ‘Will Not Be Resigning,‘ Says ‘Rogue Employees’ Made ‘False Allegations’
Texas Attorney General Ken Paxton said Monday that he hired an independent prosecutor because “employees in my office impeded the investigation" and are now making “false allegations” against him as attorney general. Seven high-ranking officials in the Texas Attorney General’s office – nearly all of them longtime supporters and close confidants of Paxton – signed a one-page letter last week claiming Paxton misused his political position as one of the state’s top office holders and may have violated state and federal bribery laws.
Updated – Legal Experts: Texas AG Paxton ‘Hit the Nuclear Button’ Against His Own Senior Staff
Texas Attorney General Ken Paxton is facing either a major corruption scandal or a misunderstanding of epic proportions, legal experts told The Texas Lawbook on Sunday.
State Bar Discipline: 3 Disbarments, 1 Resignation, 7 Suspensions
The State Bar of Texas reported its actions regarding lawyer discipline finalized and reported during September.
SEC: Houston Bizman Defrauds Investors in Kenyan Clean Water Project
The SEC’s Fort Worth Regional Office filed charges Tuesday claiming that Houston businessman Verley Lee Sembritzky, Jr. and two of his companies – Bounty of the Ocean and Ocean Harvest – violated federal securities laws by operating a fraudulent investment scheme involving a purported Kenyan desalination plant investment project.
DBJ: DOJ Scrutiny into Match Group Has Ended After Nearly a Year, Filing Shows
The Dallas-based company received a grand jury subpoena from the DOJ last year for documents relating to certain marketing-related claims in a lawsuit from the Federal Trade Commission against the company.