Texas Democrat Indicted on 13 Charges Stemming From Ponzi Scheme

Facing over 200 years in prison

Carlos Uresti / AP


A Texas state senator is facing criminal charges carrying over 200 years in prison stemming from an oil production Ponzi scheme.

Carlos Uresti, a San Antonio Democrat, faces 13 charges for his part in the scam, according to the San Antonio Express-News.

Uresti and his business partners allegedly created a Ponzi scheme to sell fracking sand for oil production. The Democratic legislator's office was raided by the FBI and IRS in connection to the scheme.

The Ponzi scheme indictment is not the only legal issue Uresti is currently dealing with. He has been indicted in a non-related case, which alleges for 10 years Uresti was paid $10,000 a month by a businessman in exchange for a medical services contract at a corrections facility.

Uresti has denied any wrongdoing, saying he will plead not guilty while referring to the charges against him as "groundless."

Nick Bolger

Nick Bolger   Email Nick | Full Bio | RSS
Nick Bolger is a Media Analyst for the Washington Free Beacon. He is from southern Michigan. Nick graduated from Miami University with a Bachelors of Arts in Political Science in 2015.

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