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Fraud Trials in Hood/Collins Counties Texas Lead to 95 years in Prison

Fraud Trials in Hood/Collins Counties Texas Lead to 95 years in Prison 150 150 Rex Securities Law

By Robert H. Rex, Esq. 

On January 31, 2014, Eddie Lacy Stivers of Hood County, Texas,  was sentenced to 85 years in state prison for fraud in connection  with the sale of stock and promissory notes to investors. Indicted in 2012, Stivers continued to sell fraudulent investments through a company called Life Style Protectors and Advisors LLC. His previous companies were Patriot Insurance and Patriot Holding. One elderly investor invested and lost more than $117,000. 
 
In Collin County Texas, William Paul Hudson of Plano was convicted of theft in an oil & gas scam and was sentenced to 10 years and ordered to pay restitution. Posing as an oil well driller, Hudson stole over $600,000 from 50 investors in various purported oil and gas projects. The Gulf Coast Project was supposed to re-enter existing wells in Jackson, Gonzales and Jim Wells counties. Hudson invested only a small fraction of the investor funds in actual drilling programs and spent the rest on personal expenses. Hudson had a record of regulatory sanctions. He was suspended and fined th the Texas State Securities Board for selling unregistered securities in 2003 and in 2006 the Alabama Securities Commissioner entered a Cease and Desist for the same violation. Hudson and his wife had filed for bankruptcy three times from 1998 to 2007. He did not disclose any of these pertinent prior issues to investors.
 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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Florida-561 391 1900 

Texas-512-329-2870

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