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April 2018 Archives

Sentencing hearing concludes investigation into drug ring

A 29-year-old Texas man has been sentenced to 30 years in federal custody for running a drug distribution ring that trafficked significant quantities of methamphetamine in the Lubbock area. Five other individuals were handed down prison terms ranging from seven to 20 years during the April 13 sentencing hearing. Police say that the investigation into the group's activities began in March 2017 when a confidential source allegedly purchased an ounce of methamphetamine from the man for $650.

Feds accuse former CMS employee of leaking tips to investors

Most investors in Texas know that decisions made by government regulators sometimes influence profits at companies. This concept is the crux of a federal criminal case against a former employee of the Centers for Medicare and Medicaid Services. Officials say that he engaged in a form of insider trading when sharing government secrets, known as political intelligence, for the benefit of investors.

Founder of disastrous music festival pleads guilty to wire fraud

In 2017, over 80 investors were eagerly looking forward to the Fyre Festival, a music festival spanning two weekends in the Bahamas. The outlook for the festival’s investors was great: The hotly-anticipated event got widespread media attention and its tickets sold like hotcakes. But the investors were unaware of one crucial detail: The Fyre Festival was a poorly-conceived scam thought up by its founder, William McFarland, to defraud investors of over $26 million.

Toilet clogs and couple now faces serious Texas drug charges

Among the unpleasant events that can happen in Corpus Christi homes, one of the most unpleasant is when a toilet backs up. It is even more unpleasant when the toilet is clogged by illegal drugs as police are raiding the home, a Kingsville man recently learned.

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