Tuesday, June 10, 2008

Houston Area Man Convicted to 20 Years for Fraud

David Hillburn moved to Houston, Texas in 2003 and became a securities manager for seniors, according to this article in the Houston Chronicle. Since 2003, with no license for securities trading, took $10.2 million form senior in their 40s, 50s, and 60s. After 80 of his victims testified, he was convicted to repay $3.2 million (the other $7 million was recuperated from selling off his assets) and 20 years in prison.

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