Texas Democrat Indicted For Investment Ponzi Scheme! Faces 200 Years In Prison

Another Democrat faces a lifetime behind bars because he thought he was too good to get caught. Former Democrat Congresswoman Corrine Brown faces 300 years for her crimes.

On Tuesday, Texas State Sen. Carlos Uresti was indicted on 13 charges that included creating a Ponzi scheme to market hydraulic fracturing sand for oil production which is another word for fracking.

Can’t be, another corrupt Democrat? The senator is facing multiple charges including wire fraud, securities fraud, engaging in monetary transactions in property derived from specified unlawful activity; and, one count of being an unregistered securities broker, now that’s serious.

Democrat and wire fraud and securities fraud, no way, it was the Russians I swear lol.

Source: My SanAntonio

Uresti, who was indicted on 13 different charges that carry more than 200 years in prison if found guilty on all counts, denied any wrongdoing.

“The charges against me are groundless and I look forward to proving my innocence in a court of law at the appropriate time. I will enter a plea of not guilty and immediately return to work representing District 19,” Uresti said in a statement.

Uresti, former FourWinds CEO Stanley Bates, 45, and consultant Gary L. Cain, 60, each face conspiracy and numerous other charges related to their work at FourWinds, a now-defunct oil-field services company accused of defrauding investors, according to the indictment that was unsealed Tuesday afternoon.

The indictment accuses Uresti, Bates, and Cain of developing an “investment Ponzi scheme to market hydraulic fracturing (fracking) sand for oil production,” according to statement issued by the Justice Department.

Hello. $50,000 bond. That is crazy. Should have been a million dollars. Democrats think they can get away with everything, don’t they?

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Wayne Dupree

Wayne Dupree is owner and founder of WayneDupree.com. He was named to the 2017 Newsmax’s 50 Most Influential African-American Republicans. He served in the USAF between 1987-1995. He saw time in Operation Desert Storm/Shield and is the father of three. He is the host of the Wayne Dupree Show.

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