April 7, 2015- Austin, Texas
The Texas State Securities Board (TSSB) announced that Jeffrey Ray Filla was arrested in Fort Bend County and indicted on securities fraud and other charges in connection with the sale of investments in Prophecy Fund LP.
According to the release Filla tried to conceal his fraud with false financial statements and misrepresentations and failed to tell investors that he had moved funds to Auto Direct LLC, an unrelated automobile sales lot in Rosenberg.
The indictment, which can be viewed here, charges Filla with theft, money laundering and misapplication of fiduciary property. Filla of Richmond, Texas, solicited money from members of a church in Sugar Land.
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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