{"id":4823,"date":"2017-12-15T19:35:14","date_gmt":"2017-12-16T01:35:14","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4756"},"modified":"2022-03-22T15:07:38","modified_gmt":"2022-03-22T20:07:38","slug":"texas-real-estate-investor-scam-lead-investor-losses-criminal-cases","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-real-estate-investor-scam-lead-investor-losses-criminal-cases\/","title":{"rendered":"Texas Real Estate Investor Scams Lead to Investor Losses and Criminal Cases"},"content":{"rendered":"

\t\t\t\tAn Austin man convicted of Texas securities fraud<\/a> has been sentenced to 15 years in prison. James Elton Warr was also convicted on other multiple first-degree felonies, including money laundering, theft, and misapplication of fiduciary property in Travis County. <\/p>\n

According to prosecutors, Warr stole $1.1M from investors who purchased contracts in unregistered real estate notes through his Warr Investment Group. He and his firm were not registered to sell these securities. Still, Warr promised 8% yearly interest, compounded monthly, and he touted the investments as \u201cno-risk.\u201d<\/p>\n

The real estate deals were marketed as a safe alternative to more traditional investments. Warr promoted them online, including on YouTube.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An Austin man convicted of Texas securities fraud has been sentenced to 15 years in prison. James Elton Warr was also convicted on other multiple first-degree felonies, including money laundering, theft, and misapplication of fiduciary property in Travis County. According to prosecutors, Warr stole $1.1M from investors who purchased contracts in unregistered real estate notes […]<\/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":[3750],"tags":[],"class_list":["post-4823","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"\nTexas Real Estate Investor Scams Lead to Investor Losses and Criminal Cases — Investor Lawyers Blog — December 15, 2017<\/title>\n<meta name=\"description\" content=\"An Austin man convicted of Texas securities fraud has been sentenced to 15 years in prison. 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James Elton Warr was also convicted on other multiple — December 15, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & 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 Real Estate Investor Scams Lead to Investor Losses and Criminal Cases — Investor Lawyers Blog — December 15, 2017","description":"An Austin man convicted of Texas securities fraud has been sentenced to 15 years in prison. 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