{"id":4209,"date":"2017-03-08T11:04:35","date_gmt":"2017-03-08T17:04:35","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4209"},"modified":"2022-05-19T13:28:04","modified_gmt":"2022-05-19T18:28:04","slug":"texas-securities-fraud-texas-man-goes-prison-900k-investment-scam-jury-convicts-houston-couple-bilking-california-bank-dallas-twins-go-jail-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-texas-man-goes-prison-900k-investment-scam-jury-convicts-houston-couple-bilking-california-bank-dallas-twins-go-jail-ponzi-scam\/","title":{"rendered":"Texas Securities Fraud: San Angeleno Man Goes to Prison over $900K Investment Scam, Jury Convicts Houston Couple For Bilking California Bank, and Dallas Twins Go to Jail Over Ponzi Scam"},"content":{"rendered":"<p><strong>San Angeleno Man Goes to Prison Over Investment Scams<\/strong><br \/>\nStanley Jonathan Fortenberry of Texas has been sentenced to 78 months behind bars for running two <a href=\"https:\/\/texas.stockbroker-fraud.com\">investment scams<\/a> and bilking investors of about $900K. He pleaded guilty to obstruction of justice and mail fraud in 2016. Now, Fortenberry must pay over $890K in restitution and forfeit more than $311K.<\/p>\n<p>Fortenberry ran Premier Investment Fund and raised money for social media projects operated by another company. According to prosecutors, the Texas man misled investors about that company\u2019s profitability and regarding what their money would be used for. He admitted to diverting about half of investors\u2019 money to himself and to his fundraising operation.<\/p>\n<p>Fortenberry also ran Wattenberg Energy Partners, a company that raised money for oil and glass drilling projects in Colorado. He admitted to establishing the company under his son\u2019s name because the US Securities and Exchange Commission was already investigating him about the way Premier investors\u2019 funds were being used.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-texas-man-goes-prison-900k-investment-scam-jury-convicts-houston-couple-bilking-california-bank-dallas-twins-go-jail-ponzi-scam\/#more-4209\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Angeleno Man Goes to Prison Over Investment Scams Stanley Jonathan Fortenberry of Texas has been sentenced to 78 months behind bars for running two investment scams and bilking investors of about $900K. He pleaded guilty to obstruction of justice and mail fraud in 2016. Now, Fortenberry must pay over $890K in restitution and forfeit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3738,3792,3750],"tags":[2760],"class_list":["post-4209","post","type-post","status-publish","format-standard","hentry","category-investor-fraud","category-ponzi-scams","category-texas-securities-fraud","tag-stanley-jonathan-fortenberry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Texas Securities Fraud: San Angeleno Man Goes to Prison over $900K Investment Scam, Jury Convicts Houston Couple For Bilking California Bank, and Dallas Twins Go to Jail Over Ponzi Scam &#8212; Investor Lawyers Blog &#8212; March 8, 2017<\/title>\n<meta name=\"description\" content=\"San Angeleno Man Goes to Prison Over Investment Scams Stanley Jonathan Fortenberry of Texas has been sentenced to 78 months behind bars for running two &#8212; 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