Securities Lawyers Gone Wild l Three-Time Felon & Lawyer Indicted
On April 6, 2014, Texas attorney Richard Plato was indicted for mail fraud and securities fraud.
Plato is a disbarred attorney who has been convicted in three separate criminal cases, including money laundering and wire fraud in the collapse of a large Florida insurer.
The indictment of Plato by a Texas grand jury is for seven counts of mail fraud and two counts of securities fraud. Richard Plato, the owner of Momentum Production Corp. of Baytown, allegedly raised more than $5 million from 45 investors through promissory notes supposedly backed by oil and gas interests.
According to the indictment, Plato transferred investors’ funds to his personal accounts.
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Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
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