Dozens of North Texas families found their retirement accounts empty after falling victim to a multi-million-dollar Ponzi scheme.
Over the course of nearly two decades, federal prosecutors said James Nix and his son, Bradley, defrauded more than 40 victim investors of at least $6 million.
In April, James Nix, 73, was found guilty of federal fraud and money laundering. He faces up to 20 years in prison and is set to be sentenced this summer. "We had no reason not to trust him," said Kathy Cousins, who, along with her husband, had known James Nix and used him as their personal accountant for more than a decade before they started investing with him."We are blue collars workers, but we saved and saved so we could have a really nice retirement and help our grandchildren with some college and take some trips," Cousins said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Kendrick Lamar's latest music video features iconic North Texas locationsYou may recognize a few iconic North Texas locations in Kendrick Lamar's latest music video.
Lire la suite »
These North Texas counties are still seeing double-digit home price gainsHome prices across North Texas are still quickly on the rise as demand remains strong despite higher mortgage rates.
Lire la suite »
This North Texas city ranks first in state, 15th nationally for parksPlano Parks and Recreation ranked first in Texas and 15th in the U.S. in the 2022 Trust for Public Land annual ParkScore.
Lire la suite »
Four days after audacious escape from prison bus, Texas still hasn’t found convicted murdererOfficials are still trying to piece together how Gonzalo Lopez managed to cut through a metal door and hijack a prison bus Thursday. An extensive manhunt continues in Leon County.
Lire la suite »
Meet the two Democrats running for Texas land commissionerJay Kleberg and Sandragrace Martinez’s platforms are polar opposites — one focuses on climate change mitigation and the other addresses mental health challenges in the state. Whoever wins the May 24 runoff will appear on the ballot in November.
Lire la suite »
Looming end of federal pandemic emergency threatens to shake Texas’ Medicaid safety net, advocates sayAt the start of the pandemic, the federal government relaxed Medicaid rules to allow more people to stay insured. But with the federal pandemic emergency declaration set to end by October, up to 1.3 million Texans could lose their health coverage.
Lire la suite »