Archive for January 19th, 2015

Refreshingly Simple – Texas Hospital Offers Contract to Local Employer

Monday, January 19th, 2015

mollyBy Molly Mulebriar

We like the simplicity of the offer. It’s refreshing and a good starting point……………..But a 50% discount off an inflated number can be anything you want it to be and 315% of Medicare seems a little outrageous……………..

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Brownsville Man Sentenced For Insurance Scheme

Monday, January 19th, 2015

BROWNSVILLE – A jury on Wednesday found a Brownsville resident guilty of securities fraud and theft.

Prosecutors said Alberto Alba Villarreal, 45, sold a bogus $1 million investment contract in Nafta Holdings LLC, to help fund a new insurance company. The fraud happened in November, 2008.

Officials said Alba Villarreal instead spent the money in less than three months on personal expenses and lavish purchases.

A jury sentenced Alba Villarreal to 10 years community service and was ordered to pay $10,000 for the securities fraud. He was sentenced 5 years in prison and ordered to pay a $10,000 for the theft count.

Visiting Judge Federico Hinojosa ordered Alba Villarreal to pay $1 million in restitution to the victim.

http://m.krgv.com/news/Brownsville-Man-Sentenced-in-Securities-Fraud-Theft-Case/30759242

See: Funding New Texas Insurance Company Proves Problematic