Lyons & Simmons, LLP
  • Home
  • Attorney Profiles
    • Michael P. Lyons
    • Christopher J. Simmons
    • Christopher W. Carr
    • Stephen Higdon
  • Attorney Referrals
  • Practice Areas
    • Appeals
    • Business Litigation
      • Breach of Contract
      • Breach of Fiduciary Duty
      • Business Fraud
      • Business Torts
      • Commercial Litigation
      • Contract Disputes
      • Deceptive Trade Practices Act Violations
      • Interference with Prospective Contracts
      • Partnership & Shareholder Disputes
      • Tortious Interference
      • Trade Secrets
      • Unfair Competition Claims
      • Uniform Commercial Code (UCC) Disputes
    • Construction Accidents
    • Construction Litigation
      • Construction Defect Claims
      • Mechanic's Liens
      • Payment Issues
      • Warranty Claims
    • Oil & Gas
    • Personal Injury
      • Airplane Disasters
      • Brain Injuries
      • Car Accidents
      • Construction Accidents
      • Fires & Explosions
      • Premises Liability
      • Truck Wrecks
      • Product Liability
      • Wrongful Death
    • Professional Liability
  • Firm News
  • Blog
  • Contact Us
844.297.8898
    • Home
    • Attorney Profiles
      • Michael P. Lyons
      • Christopher J. Simmons
      • Christopher W. Carr
      • Stephen Higdon
    • Attorney Referrals
    • Practice Areas
      • Appeals
      • Business Litigation
        • Breach of Contract
        • Breach of Fiduciary Duty
        • Business Fraud
        • Business Torts
        • Commercial Litigation
        • Contract Disputes
        • Deceptive Trade Practices Act Violations
        • Interference with Prospective Contracts
        • Partnership & Shareholder Disputes
        • Tortious Interference
        • Trade Secrets
        • Unfair Competition Claims
        • Uniform Commercial Code (UCC) Disputes
      • Construction Accidents
      • Construction Litigation
        • Construction Defect Claims
        • Mechanic's Liens
        • Payment Issues
        • Warranty Claims
      • Oil & Gas
      • Personal Injury
        • Airplane Disasters
        • Brain Injuries
        • Car Accidents
        • Construction Accidents
        • Fires & Explosions
        • Premises Liability
        • Truck Wrecks
        • Product Liability
        • Wrongful Death
      • Professional Liability
    • Firm News
    • Blog
    • Contact Us
  • Search
  • Contact
  • Attorneys
Our Blog /2015 /May /Pastor Pleads Guilty to Investment Fraud


Categories
  • Aviation Accidents
  • Brain Injuries
  • Breaking News
  • Business Litigation
  • Car Accidents
  • Construction Litigation
  • Employment
  • Fires & Explosions
  • Firm News
  • Insurance Claims
  • Intellectual Property
  • Mass Torts
  • Michael Lyons
  • NCAA
  • News
  • Oil & Gas Industry
  • Personal Injury
  • Pharmaceutical Liability
  • Product Liability
  • Securities
  • Security Fraud
Share This Post:

Pastor Pleads Guilty to Investment Fraud

May 1, 2015 /
Deans & Lyons, LLP
  • Securities /

Many people who live in Texas have big dreams of striking it rich with an investment, whether it's through an oil well or a tech stock. Of course, investors know that not every investment pans out the way they would like them to. Sometimes, these setbacks are just a matter of a bad market or bad luck. Sometimes, they're something worse. Unscrupulous individuals and businesses try to take advantage of people's desire for a profit and promise investors things they know they can't deliver. Sometimes these unscrupulous individuals are people the investors implicitly trust.

Recently in another state, a man pleaded guilty to securities fraud charges after prosecutors said he pocketed more than $500,000 in a more than $3 million fraud scheme. The man was a pastor.

According to authorities, the man worked for an investment company at the time of the fraudulent scheme. Federal prosecutors say he convinced 16 people to invest more than $3 million in project, promising them returns on the investment that he knew he could not back up. Prosecutors say he kept $570,000 of the money for himself. He is now the pastor of a church in Missouri and has appeared on several Christian television shows, calling for a return to fundamentalist values.

While the criminal justice system can help resolve some aspects of securities fraud, often the only way for investors to get back the money that was fraudulently taken from them is to file a civil lawsuit. Sometimes, these lawsuits involve a small group of investors. In other cases, they involve a large class of investors in a class-action suit. Either way, these can be time-consuming, highly technical affairs, but they may be the only way for investors to recover losses they suffered due to fraud. In many cases where the criminal justice system has failed to hold the wrongdoers accountable, these lawsuits may also be the only way to secure justice.

Attorneys who have experience in securities fraud can help Texans who have been victimized by investment fraud. Experienced attorneys can review the facts of the case and help investors to understand how the law may apply to their circumstances.

Previous Next

We’re Ready to Assist You. Let Us Help.
(844) 297-8898

Let us help you navigate the perilous and uncertain landscape of litigation. We can make a difference.

  • Please enter your name.
  • This isn't a valid email address.
    Please enter your email.
  • This isn't a valid phone number.
    Please enter your phone number.
    You entered an invalid number.
  • Please enter a message.
  • Please make a selection.

Recent Posts

  • Statement of Attorney Michael Lyons on Coach Jeremy PruittJanuary 18, 2021
  • Suit Filed in 2018 New Mexico Helicopter Crash that Claimed the Lives of Five PassengersDecember 16, 2020
  • Stephen Higdon Looks at How Electronic Dockets Redefined the Forum-Defendant RuleNovember 20, 2020

Most Popular

  • Statement of Attorney Michael Lyons on Coach Jeremy PruittJanuary 18, 2021
  • Michael Lyons Offers Candid Look Inside Former Head Football Coach David Beaty’s Legal Battle With Kansas AthleticsJuly 17, 2020
  • Suit Filed in 2018 New Mexico Helicopter Crash that Claimed the Lives of Five PassengersDecember 16, 2020

Office Location in Dallas

  • Dallas

    Rosewood Court
    2101 Cedar Springs Road, Suite 1900
    Dallas, TX 75201

    View
  • Home
  • Practice Areas
  • Our Attorneys
  • Contact Us
  • Site Map
  • Privacy Policy
Lyons & Simmons, LLP

Lyons & Simmons, LLP

Texas Trial Lawyers Rosewood Court
2101 Cedar Springs Road, Suite 1900
Dallas, TX 75201 Map / Directions
(214) 427-7779 2021 © All Rights Reserved https://www.lyons-simmons.com
  • Main Office

    Rosewood Court
    2101 Cedar Springs Road, Suite 1900
    Dallas, TX 75201

Contact Us

844.297.8898 Dallas Map / Directions
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.Internet Marketing Experts Powered by Scorpion