State Sen. Carlos Uresti Found Guilty On All Charges

The case centered around Uresti’s work recruiting investors to a firm that said it was buying and selling fracking sand.

By Joey PalaciosFebruary 23, 2018 9:30 am| , , , , ,

From Texas Public Radio:

Lt. Gov. Dan Patrick is stripping State Sen. Carlos Uresti of San Antonio of all Senate committee assignments. There are also calls for him to resign.

That’s after a federal jury yesterday found Uresti guilty of 11 felony charges, including wire fraud, money laundering and securities fraud. All are related to his involvement with the bankrupt fracking sand company, FourWinds Logistics.

Uresti showed no reaction as a court deputy read his 11 guilty verdicts. The state legislator then hugged his family and his attorney. The Democratic senator, who served 21 years in the Texas House and Senate, now faces decades in prison.

Uresti acted as investment broker for FourWinds. Additional guilty verdicts were read against co-defendant Gary Cain, a consultant for FourWinds.

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