March 2017-Sherman, Texas
Carlton Chadbourne Sayers (‘Chad”), 51, of Dallas was indicted for fraud by a Federal Grand Jury for the Eastern District of Texas according to a press release from the U.S. Attorney’s Office.
Sayers was charged with wire fraud, mail fraud, bank fraud and aggravated identity for his involvement in a scheme to defraud numerous victims by requesting that individuals loan to or invest money with him and Wellington and Franklin Financial, a business he controlled. Victims were told that their money would be used to purchase and/or renovate residential real estate properties. The scheme is alleged to have resulted in losses of over $3 million.
Sayers faces up to 30 years in federal prison if convicted.
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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