Earl Roberts Sr. and his son operated a financing company that defrauded investors of more than $800,000.
A 79-year-old San Antonio man with dementia received an 18-month prison sentence for his role in a financing scheme that defrauded 11 investors of more than $800,000. Earl Roberts Sr. , who ran a factoring company called Factac Inc. but now lives in an assisted-living facility that takes the entirety of his Social Security check, also must pay $784,169 in restitution. He pleaded guilty to one count of conspiracy to commit wire fraud and mail fraud. U.S.
San Antonio business owner accused of running Ponzi scheme pleads guilty to defrauding investors “Mr. Roberts, I want you to know I take no pleasure in sentencing a -year-old person,” Garcia said. “Sentencing is the most distasteful part of my job. It’s horrible. “I’m sure the victims would have preferred that I had given you a lot longer,” he added. “Had you been 30 or 40 years old, it would have been a lot longer.” Garcia gave Roberts until Oct.
Financing scheme that defrauded investors nets San Antonio man 25 months in federal prison The elder Roberts’ sentencing hearing took longer than usual because the judge had to repeatedly ask him if he was comprehending what was happening. “You understand you were sentenced today?” Garcia asked near the end of the hearing. “Sir, I don’t understand,” Roberts replied. “I’m not buying that, Mr. Roberts,” the judge said.
Social Security Bureau Of Prisons Earl Roberts Sr. Orlando Garcia Larry Roberts Larry Wollny Dan Mccarthy Roberts Justin Chung Factac San Antonio U.S. Factac Ferraris
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