Tuesday, October 26, 2021
79.1 F
Fort Worth

Twin brothers from Texas guilty in $2.7M financial fraud

🕐 1 min read

SHERMAN, Texas (AP) — Twin businessmen from the Dallas area face up to five-year prison terms in a more than $2.5 million currency scam promising 200 percent returns over a few months.

Roger Wagner and Rodney Wagner pleaded guilty in Sherman to conspiracy to commit wire fraud. The 52-year-old brothers from Grand Prairie were charged in what prosecutors say was a scheme during 2010.

Investigators say the twins solicited money from investors for foreign currency trading. The Wagner brothers said they had a system that that could generate large returns, as much as 200 percent, over a period of 20 to 40 weeks. Investors instead lost about $2.7 million.

The brothers were indicted in 2015 and pleaded guilty Wednesday.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate