March 15, 2016-Dallas, Texas
The Department of Justice announced that Colleyville, Texas, resident David L. Spaulding, 62, has been sentenced to 15 years in federal prison and ordered to pay over $3.3 million in restitution following his conviction on running a wind farm scam investment.
Spaulding raised $3.7 million from 97 investors convincing them to invest in promissory notes from Wind Plus, Inc. and Baseload Energy, Inc. The funds were diverted to his personal use and used to finance his international travel and to purchase real estate.
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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