55.1 F
Fort Worth
Sunday, October 25, 2020
Government 2 Texans convicted in $22M investment fraud scheme

2 Texans convicted in $22M investment fraud scheme

Other News

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Authorities find 2 abducted girls after 2 boys are killed

By HEATHER HOLLINGSWORTH The Associated PressMISSION, Kan. (AP) — Authorities found two girls who were abducted from a Kansas home where two...

Second whistleblower fired from Texas attorney general’s office after accusing Ken Paxton of bribery

By Emma Platoff, The Texas Tribune Oct. 22, 2020 "Second whistleblower fired from Texas...

SHERMAN, Texas (AP) — Prosecutors say two Texas men have been convicted in a $22 million scheme using investment funds on fancy personal items including a Rolls-Royce.

Thurman Bryant III of Frisco and Arthur Franz Wammel of Houston were convicted Wednesday of conspiracy to commit wire fraud. Both await sentencing and could get 20-year federal prison terms.

Jurors in Sherman heard testimony indicating Bryant and Wammel guaranteed a minimum 30% annual return and that many victims were family and friends.

Investigators say the men spent investors’ money on home leases and improvements, pricey cars, jewelry and private school tuition. Prosecutors say Wammel used investment funds to pay for expenses related to a Rolls-Royce, a Ferrari and a Range Rover.

Latest News

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Democratic state Rep. Senfronia Thompson files to run for speaker of the Texas House

By Cassandra Pollock, The Texas Tribune Oct. 23, 2020 "Democratic state Rep. Senfronia Thompson...

Europe, U.S. watch case totals grow, debate new restrictions

CHICAGO (AP) — Confirmed coronavirus infections continued to soar Saturday in many parts of the U.S. and Europe. In some cases, so...

Authorities find 2 abducted girls after 2 boys are killed

By HEATHER HOLLINGSWORTH The Associated PressMISSION, Kan. (AP) — Authorities found two girls who were abducted from a Kansas home where two...