2018-07-11 / News

Man sentenced for role in scheme that snared former lawmaker

SAN ANTONIO (AP) - A consultant who was found guilty along with a former Texas state senator of operating a Ponzi scheme that defrauded investors out of millions has been sentenced to more than five years in prison.

Gary Cain, who worked for now-defunct FourWinds Logistics, was sentenced Wednesday in federal court in San Antonio.

He was found guilty in February along with former state Sen. Carlos Uresti, a Democrat, of several charges that included conspiracy to commit wire fraud and conspiracy to commit money laundering.

Cain also was ordered to pay $6.3 million in restitution.

Uresti, who was ordered to pay the same amount, was sentenced to 12 years in prison. He resigned from office earlier this month.

FourWinds was a fracking sand company that went bankrupt in 2015.

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