Former Lewisville accountant sentenced to 48 years in prison
While victims will not get their money back, they say they are relieved that no one else will fall victim to the scheme.
While victims will not get their money back, they say they are relieved that no one else will fall victim to the scheme.
Over the course of nearly two decades, federal prosecutors said James Nix defrauded more than 40 victim investors of at least $6 million.
A Dallas man who was found guilty of conning more than 400 investors out of nearly $15 million is headed to prison.
A McKinney man who ran a Ponzi scheme has been sentenced to 5 years in federal prison and ordered to pay $13 million in restitution to his victims.
Most of those who paid into the scheme are officers, but it's possible some people outside the department were victimized.
Jose Anibal Linares of Honduras was sentenced to five years in federal prison for conning investors out of roughly $2 million.
Jose Anibal Linares, 42, who operated JC Loans Finance and Inversiones JC Dallas, admitted he falsely told investors their funds were "insured by the FDIC."
Two Texas men were sentenced to federal prison for an investment fraud scheme and ordered to pay $9 million in restitution to victims.
Prosecutors say Juan Miguel Lopez sold fraudulent contracts in which investors were promised a return on money that was supposed to finance small business loans.
The former owner of a North Texas title company who stole millions from customers and referred to herself as the "Millennium Mobster" has been sentenced to 10 years in prison.
According to information presented in court, the Wagner brothers perpetrated what amounted to a Ponzi scheme that caused investors to lose over $2.1 million.
Regulators say a North Texas financial adviser who used radio advertising and held investment seminars has been indicted in an alleged $6 million Ponzi scheme.
A Colleyville businessman, who operated an oil and gas exploration company, was arrested Wednesday by U.S. Postal Inspectors on a federal criminal complaint charging him with mail fraud.
Both were sentenced to five years in federal prison and ordered to pay $2,373, 462 in restitution.
A ex-financial planner in Central Texas faces up to 20 years in prison for running a Ponzi scheme and stealing nearly $8.4 million from clients.
A North Texas man must serve nearly seven years in federal prison and repay $4.6 million for running an oil and gas Ponzi scheme.
A New York prosecutor says the federal government has brought its first bitcoin securities fraud case, accusing a 32-year-old Texas man of engineering a bitcoin Ponzi scheme.
A businessman from Colleyville who fled to Greece after pleading guilty to running a Ponzi scheme has been returned and sentenced to more than 17 years in a U.S. prison.
A federal judge in Dallas has approved an interim plan that distributes some $55 million in assets to bilked investors in a failed Ponzi scheme run by disgraced former Texas financier R. Allen Stanford.
A chandelier by glass artist Dale Chihuly that once belonged to Texas tycoon R. Allen Stanford is to be sold at auction to raise money to help compensate victims of his Ponzi scheme.
Investors in a $7 billion Ponzi scheme orchestrated by former Texas tycoon R. Allen Stanford could in the next few months finally begin getting back some of what they lost.
Texas tycoon R. Allen Stanford was sentenced to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.
The jury that convicted former Texas tycoon R. Allen Stanford of operating a massive Ponzi scheme found Thursday that there is sufficient evidence $330 million in frozen foreign bank accounts he controlled is money he stole from investors.
Texas tycoon R. Allen Stanford spent more than 20 years charming investors, who handed him billions of dollars they had spent their lives accumulating.
A ury has convicted Texas financier R. Allen Stanford on all but one of the charges he faced for bilking investors out of more than $7 billion in one of the largest Ponzi schemes in U.S. history.
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.
Corey Seager hit a three-run homer in the eighth inning and the Texas Rangers rallied past the Oakland Athletics 4-2.
Highs will warm into the upper 80s by the afternoon. Tonight, temperatures will be in the low 70s under mostly clear skies.
A tornado destroyed homes and toppled trees and power lines when it roared through a small northeast Oklahoma city, one of several twisters that erupted in the central United States amid a series of powerful storms.
An Israeli tank unit has rolled in to take "operational control" of the Gaza side of the crucial Rafah border crossing amid talks for a truce.
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.
Corey Seager hit a three-run homer in the eighth inning and the Texas Rangers rallied past the Oakland Athletics 4-2.
CBS News Texas has new information from the Allen Police Department about its investigation into the outlet mall shooting that reveals for the first time the massive amount of manpower that responded to the scene.
Highs will warm into the upper 80s by the afternoon. Tonight, temperatures will be in the low 70s under mostly clear skies.
A tornado destroyed homes and toppled trees and power lines when it roared through a small northeast Oklahoma city, one of several twisters that erupted in the central United States amid a series of powerful storms.
In a statement, Philips said it does not admit any wrongdoing but chose to settle "to end the uncertainty associated with litigation in the U.S."
A scammer a North Texas woman met on Instagram claimed to be a German cardiologist, and for months, the two messaged back and forth, building what she thought was a true relationship.
They found him guilty – now four jurors are explaining how they were convinced to convict Dr. Raynaldo Ortiz.
Texas police departments have the discretion to determine the frequency and extent of additional driving training for their officers. While some require driving training yearly or every other year, others do not.
Some departments opt to melt the firearms down, while others choose to crush them. However, there are instances where firearms, or at least parts of them, escape destruction altogether.
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
A U.S. soldier has been detained in Russia, officials confirmed.
Israeli Prime Minister Benjamin Netanyahu's office says the proposal is "far from meeting Israel's core demands."
Judge Juan Merchan said former President Donald Trump violated his gag order on April 22 when he commented on the political makeup of the jury.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
With the country on the cusp of greeting the return of spring, a warm-weather treat is once again available for free for a limited time only.
Kelli and Michael Regan were looking for a new dog. The breeder they found online asked them to pay with gift cards.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announced Monday that it is filing for bankruptcy.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
A North Texas mother partnered with the Texas Health Resources Foundation to provide a potentially life-saving tool to at-risk pregnant and postpartum moms.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Cat deaths and neurological disease are "widely reported" around farms where the H5N1 bird flu virus was detected, health officials say.
Within hours of the vote, the U.S. Chamber of Commerce announced it would sue to block the ban. Dallas employment attorney Rogge Dunn predicts employees will ultimately win this battle.
The closure affects both Dom's locations in Chicago, and all 33 Foxtrot stores in Chicago, Texas, and the Washington D.C. area.
Texas law SB 14 prohibits drug and surgical "gender transition" interventions for minors.
The projects are expected to create at least 17,000 construction jobs and 4,500 manufacturing jobs.
After more than 40 years in business, 99 Cents Only Stores, a discount chain, announced on Thursday that it will close all 371 of its locations and cease operations.
Corey Seager hit a three-run homer in the eighth inning and the Texas Rangers rallied past the Oakland Athletics 4-2.
The announcement comes a day before the Mavericks face the Oklahoma City Thunder in the Western Conference Semifinals.
The Dallas Stars take the series 4-3 with a 2-1 victory in Game 7 over the defending champion Vegas Golden Knights.
It was just the 10th Kentucky Derby decided by a nose, and the first since Grindstone wore the garland of red roses in 1996.
Luka Doncic had 28 points and 13 assists, Kyrie Irving scored 28 of 30 points in a second-half surge and the Dallas Mavericks advanced to the second round of the playoffs with a 114-101 victory over the Los Angeles Clippers.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
The start of the first civil trial stemming from the deadly crowd surge at the 2021 Astroworld festival in Texas has been delayed.
"Happy 9th Birthday, Princess Charlotte!" the Prince and Princess of Wales said in a social media post with a new photo of their daughter taken by Kate.
Imagine being charged tens of thousands of dollars for something you never wanted or even received. It’s a complaint the CBS News Texas I-Team received from a garland woman who considered purchasing solar panels.
In the meantime, Tuesday will have a mix of sun, clouds and heat.
Texans on Mission, formerly known as Texas Baptist Men, are sending volunteers across the state to help those impacted by recent floods.
The fear of being caught is what keeps kids away from substance use, a report from UC San Diego says. Just over 3% reported drinking or using drugs, but researchers say it would have been closer to 40% if they weren't afraid of being caught.
Search and rescue is underway in Barnsdall, Oklahoma, after a tornado tore through the town overnight Monday. Barnsdall, with a population of just over 1,000, is located about 40 miles north of Tulsa.
A storm chaser not only captured a massive tornado touching down in Hawley, Texas on Thursday but ended up rescuing a family of four whose home was destroyed by it.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!
Babies in the neonatal intensive care unit at several Texas Health hospitals were dressed in creative costumes for Halloween.
Is that the smell of cotton candy, beignets and brisket wafting over Fair Park? It sure is, and we are here for it!