Popular Posts

Friday, April 13, 2018

The Perils of Lust and Greed: Kerrville Conman; Uresti Surrenders Law License


Convicted state Sen. Carlos Uresti surrenders law license
State Sen. Carlos Uresti, convicted less than two months ago by a federal jury on 11 felony charges, has surrendered his license to practice law in lieu of facing disciplinary action from the State Bar of Texas.
Without a license, Uresti will be prohibited from practicing law in the state where he has worked as an attorney for more than 25 years.
Uresti, 54, would have been disbarred after he’s sentenced June 28, anyway, but he opted to voluntarily submit his resignation March 23. His resignation was accepted by the Bar’s Office of the Chief Disciplinary Counsel the same day and then by the Supreme Court of Texas on Tuesday.
FBI investigating possible wrongdoing at Kerrville company
FBI agents are investigating possible financial malfeasance at a Kerrville consulting company that filed for bankruptcy last week, three people familiar with the probe said.
The HJH Consulting Group Inc., which does business as The Salt Group, disclosed in a Monday court filing that it sought bankruptcy protection “due to the fact that one of its employees manipulated the accounting records of the Debtor to the Debtor’s detriment.”

Stephen A. Canty, who has served as Salt Group’s president, declined to comment when reached by phone Wednesday but said he was represented by San Antonio criminal defense lawyer Gerald “Gerry” Goldstein. The attorney declined to comment. Canty was replaced as HJH Consulting’s registered agent on April 2, state corporate records show.
A person familiar with the bankruptcy case said a company official had overstated its receivables for years to obtain funding on a bank loan. The official recently confessed, triggering a criminal investigation, this person said.
Gee, I wonder who the culprit is. 

2 comments:

  1. I can not imagine a situation where all of the management and those close to them knew, or should have known about the fraud. $50 million of debt and $50,000 in assets X three? Massive borrowing over years via false financials. And what about the +50 lawsuits. How does this happen without their lawyers sensing a problem in business practices. When the overstated financials are this big, there is usually bad faith dealing in many aspects of the company

    ReplyDelete
  2. And what about super Christian Rob Kelly? How did he get wrapped up in this snake pit? If he was handling the litigation, he knew these guys were bad actors.

    ReplyDelete