Texas Man Sentenced To 25 Years For Securities Fraud
On February 19, 2015 Charles Wayne Kiway of North Richland Hills, Texas was sentenced to 15 years in state prison for securities fraud and theft. This was on top of a 10 year sentence for violating the conditions of probation from an earlier securities fraud incident. The two sentences will run concurrently.
Kilway sold promissory notes and used the money to pay for personal expenses by transferring funds to his wife's account. In addition to the prison term he was also ordered to pay $602,120 in restitution.
To read the actual order click here.
Posted by Celan Bryant
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