Democrat Carlos Uresti turns himself after bribery plea

Former Texas State Senator, Carlos Uresti (D-TX) turned himself in at the Federal Courthouse in San Antonio, Texas this morning on money laundering charges.

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On February 16, 2017, the FBI along with IRS agents raided Uresti’s law offices in regards to tied connections with the investigation into FourWinds, a fraudulent oil startup fracking business. FourWinds bought and sold sand used in fracking before it went bankrupt in 2015. Prosecutors say it was a Ponzi scheme that defrauded a handful of investors.

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Uresti is accused of making false statements and representations to solicit investors in FourWinds and allegedly used funds from more recent investors to pay earlier investors and for personal expenses.

Uresti’s defense team emphasized that Uresti should be presumed innocent, acknowledging that jurors might carry biases against politicians. His 11 felony charges could carry decades in prison as well as millions of dollars in fines. And if convicted, Uresti would lose his long-held seat in the Texas Legislature, though he could continue to serve during the appeals process.



Edgar Vazquez is a partner for Kleer Marketing, creating online portfolios for clients along with serving as an official marketing consultant for both equity firms and organizations within college institutions. He was also head of the National Hispanic Institute’s leadership development department, where he managed the participant’s performance and guidance. He’s currently pursuing his Bachelor’s in Political Science at the University of Houston. Hobbies in his free time include traveling, reading, and football.

 

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