Federal Grand Jury Indicts State Senator Carolos Uresti
US Attorney, San Antonio
   
 
More Today's News:
ߦ   IN MEMORIAM: Sergeant Royce Eugene McQuaig II
ߦ   Childs Body Found on Galveston Beach, No Identity
ߦ   Arrest Made in Murder Case from San Luis Resort
ߦ   THE ELEVEN - Television series continues about the murders linked to Edward Harold Bell
ߦ   Coast Guard responds to barge fire offshore of Port Aransas
ߦ   Fake COP Pulled Over Real Off-Duty Police Officer On Texas Road
ߦ   Former HPD officer indicted for shooting neighbor in 2016
ߦ   Officer shoots suspect after woman fatally stabbed in north Houston apartment
ߦ   Alabama executes Montgomery cop-killer Torrey Twane McNabb
ߦ   Coast Guard interdicts lancha crew illegally fishing in U.S.
ߦ   Constable Deputies Jail Man For Evading Arrest
ߦ   Constables arrest DWI suspect who crashed into a residence
ߦ   Constables arrest two local suspects for conducting fraudulent vehicle inspections
ߦ   Corpus Christi Man Heads to Prison for Possession of Child Pornography
ߦ   Crimes, Criminals and The Cops Who Chase Them
ߦ   Houston Woman Sentenced to Federal Prison for IH-10 Drug Trafficking
ߦ   Hurricane Harvey Ravaged Eastern District of Texas Establishes Disaster Fraud Task Force to Combat Fraud and Abuse
ߦ   Jim Schweitzer seeking Re-Election for Justice of the Peace Precinct 2
ߦ   Longview Man Found Guilty of Student Financial Aid Fraud During Federal Trial
ߦ   Paris Police Dept - Daily Arrests/Activity Summary
ߦ   Taylor PD awarded state grant to begin a Victim Services Program
ߦ   Texas man finds his puppy hanged in tree, police investigate
ߦ   Texas Sheriff Calls Out CPS After Foster Dad who Took in 180 Girls is Accused of Sex Abuse
ߦ   Two Jailed In Texas City Drug Raid
ߦ   Hero Down: Buffalo Police Officer Craig Lehner's Body Recovered
ߦ   Australians are buying guns on the dark web, report reveals
ߦ   Common Internet of Things Devices May Expose Consumers to Cyber Exploitation
ߦ   Constable Deputies Arrest Cell Phone Store Robbers
ߦ   Convicted Fugitive Gets Significant Sentence After Re-capture
ߦ   District Attorney Unveils Community Actions Plans
ߦ   FBI nabs 2 women suspected of bank heist try dressed as nuns
ߦ   Forney Man Sentenced to 151 Months in Federal Prison for Drug Offense
ߦ   Fort Worth Man Admits to Child Sex Trafficking
ߦ   Fourth Texas Man Pleads Guilty to Hate Crime for Assault Based on Victim’s Sexual Orientation
ߦ   Fugitive Lawyer and Accomplice Indicted for Escape

   Next >>
 
Search Archives:
FOR IMMEDIATE RELEASE
PAO DARYL FIELDS
TUESDAY, MAY 16, 2017



 FEDERAL GRAND JURY INDICTS TEXAS STATE SENATOR CARLOS URESTI


 In San Antonio today, a federal grand jury returned two separate indictments against District 19 Texas State Senator Carlos I. Uresti announced United States Attorney Richard L. Durbin, Jr., and Federal Bureau of Investigation (FBI) Special Agent in Charge Christopher Combs, San Antonio Division.  Three other individuals were also charged by the grand jury.

This indictment charges Uresti, age 53, of San Antonio, Four Winds Chief Executive Officer Stanley P. Bates, age 45, of San Antonio, and Four Winds consultant Gary L. Cain, age 60, of San Antonio, with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering.  The indictment also charges Uresti with five substantive counts of wire fraud, two counts of securities fraud; one count of engaging in monetary transactions with property derived from specified unlawful activity; and, one count of being an unregistered securities broker.  The indictment also charges Bates with one count of wire fraud; two counts of securities fraud; and, three counts of engaging in monetary transactions with property derived from specified unlawful activity.  The indictment also charges Cain with seven counts of engaging in monetary transactions with property derived from specified unlawful activity.
 
The indictment alleges that the defendants developed an investment Ponzi scheme to market hydraulic fracturing (fracking) sand for oil production.  It further alleges that the defendants made false statements and representations to solicit investors in Four Winds.  The defendants allegedly used funds from more recent investors to pay earlier investors and for personal expenses.
 
For each fraud related charge, the defendants face up to 20 years in federal prison upon conviction.  For each money laundering charge, the defendants face up to ten years in federal prison upon conviction.  Uresti faces up to 20 years in federal prison upon conviction of being an unregistered securities broker.
 
REEVES COUNTY INDICTMENT
 
This indictment charges Uresti and 44–year-old Vernon C. Farthing, III, of Lubbock, TX, with one count of conspiracy to commit bribery and one count of conspiracy to commit money laundering.
 
The indictment alleges that from January 2006 to September 2016, the defendants conspired with others to pay and accept bribes in order to secure a Reeves County Correctional Center medical services contract for Farthing’s company.  The indictment specifically alleges that Farthing paid Uresti $10,000 a month as a marketing consultant and that half of that sum was then given to a Reeves County official for his support and vote to award the contract to Farthing’s company.

Upon conviction of the charges contained in this indictment, the defendants face up to five years in federal prison for conspiracy to commit bribery and up to 20 years in federal prison for conspiracy to commit money laundering.
 
It is anticipated that initial appearances for Uresti, Bates and Cain will be tomorrow at 11:00am before United States Magistrate Judge Henry Bemporad in San Antonio.  Farthing’s initial appearance is expected to occur at 11:00am on Thursday in front of Judge Bemporad.   
 
The FBI’s Pubic Corruption Task Force is conducting this investigation. The Task Force is comprised of investigators from the FBI, Internal Revenue Service-Criminal Investigation (IRS-CI), Texas Department of Public Safety (DPS) and the Peace Corps-Office of Inspector General.  Assistant United States Attorneys Joseph E. Blackwell, William R. Harris and Mark Roomberg are prosecuting this case on behalf of the Government.     
 It is important to note that an indictment is merely a charge and should not be considered as evidence of guilt.  The defendants are presumed innocent until proven guilty in a court of law.
 #####
Post a comment
Name/Nickname:
(required)
Email Address: (must be a valid address)
(will not be published or shared)
Comments: (plain text only)
Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
  Facebook   Share link on Twitter Tweet  
© 1999-2017 The Police News. All rights reserved.