{"id":4804,"date":"2017-11-10T17:55:49","date_gmt":"2017-11-10T23:55:49","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4681"},"modified":"2017-11-10T17:55:49","modified_gmt":"2017-11-10T23:55:49","slug":"texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/","title":{"rendered":"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case"},"content":{"rendered":"<p>\t\t\t\tLawrence Allen DeShetler will serve 60 months in federal prison for <a href=\"https:\/\/texas.stockbroker-fraud.com\">Texas investor fraud<\/a>. The Houston man pleaded guilty to mail fraud earlier this year after he fraudulently solicited $1.9M from five clients.<\/p>\n<p>Starting in 2014, the former investment advisor, certified planner, and head of DeShetler &amp; Company started persuading clients that if they let him invest their funds they would make higher returns. These clients took money from their investment accounts and gave them to him. Unfortunately, DeShetler used the money on himself.<\/p>\n<p>He has since admitted to using some of investors\u2019 funds to build a house abroad. DeShetler also admitted that he persuaded one widow who was an octogenarian to liquidate a trust and transfer nearly $190K to him. He even stayed in her home while she went away. Upon her return DeShetler was gone and so were her investment documents.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/#more-4804\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. The Houston man pleaded guilty to mail fraud earlier this year after he fraudulently solicited $1.9M from five clients. Starting in 2014, the former investment advisor, certified planner, and head of DeShetler &amp; Company started persuading clients that if they let [&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":[3781,3738,3750],"tags":[],"class_list":["post-4804","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-texas-securities-fraud"],"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: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case &#8212; Investor Lawyers Blog &#8212; November 10, 2017<\/title>\n<meta name=\"description\" content=\"Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. The Houston man pleaded guilty to mail fraud earlier this year &#8212; November 10, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case &#8212; Investor Lawyers Blog &#8212; November 10, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. The Houston man pleaded guilty to mail fraud earlier this year &#8212; November 10, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case &#8212; Investor Lawyers Blog &#8212; November 10, 2017","description":"Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. The Houston man pleaded guilty to mail fraud earlier this year &#8212; November 10, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/","twitter_card":"summary_large_image","twitter_title":"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case &#8212; Investor Lawyers Blog &#8212; November 10, 2017","twitter_description":"Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. The Houston man pleaded guilty to mail fraud earlier this year &#8212; November 10, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case","datePublished":"2017-11-10T23:55:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/"},"wordCount":653,"articleSection":["Investment Advisers","Investor Fraud","Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-houston-investment-advisor-gets-five-years-defrauding-investors-prison-sentences-rendered-6-4m-diamond-investor-fraud-case\/","name":"Texas Securities Fraud: Houston Investment Advisor Gets Five Years for Defrauding Investors and Prison Sentences are Rendered in $6.4M Diamond Investor Fraud Case &#8212; Investor Lawyers Blog &#8212; November 10, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-11-10T23:55:49+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Lawrence Allen DeShetler will serve 60 months in federal prison for Texas investor fraud. 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