BREAKING: Former Texas State Senator Sentenced for Fraud

Former Texas State Senator Carlos Uresti has been sentenced to 12 years in prison for his role in a Ponzi scheme.

Uresti was convincted back in February. He reportedly was part of a scheme created by a fracking company that scammed investors out of hundreds of thousands of dollars. He was found guilty of 11 total felonies: six counts of wire fraud, one count of conspiracy to launder money instruments, one count of engaging in monetary property, two counts of securities fraud and one count of acting as an unregistered securities broker.

Source: Former State Sen. Carlos Uresti sentenced to 12 years in prison

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