March 2, 2016-Texarkana, Texas
The US Attorney’s Office announced the indictment of eleven individuals on federal charges including conspiracy to commit an offense and to defraud the U.S. government.
The violations are alleged to have caused over $1.2 million in losses to a distributor of federal grant funds to the needy and elderly. The individuals charged are:
Cynthia Hillard Campbell, 54, of Mount Pleasant, Texas
Beverly Thomas Logan, 64, of Mount Vernon, Texas
Lana Bowie Dethrow, 58, of Honey Grove, Texas
Marco Antonio Alcaraz-Guerrero, 40, of Greenville, Texas
Paula Wallis Trantham, 50, of Winnsboro, Texas
Christy Lynn Shelby, 41, of Mount Vernon, Texas
Brenda McGill Fountain, 60, of Mount Vernon, Texas
Darlene Hargrave Hatcher, 61, of Mount Vernon, Texas
Karinda Anne Breaux, 52, of Mount Vernon, Texas
Pamela Powe Gossett, 61, of Pittsburg, Texas
Maria Delaluz Telles, 35, of Mount Vernon, Texas
According to the indictment, beginning in January 2011 and continuing until June 2015, employees and contractors of Northeast Texas Opportunities, Inc. (NETO) conspired to defraud NETO of money by writing checks drawn on NETO accounts that they would often split among themselves, and convert those funds to personal use. NETO is headquartered in Mount Vernon, Texas, and was a distributor of federal grant funds to the elderly and needy in eight Texas counties: Delta, Franklin, Hopkins, Lamar, Morris, Rains, Red River and Titus.
If convicted the defendants each face up to five years in federal prison.
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.
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