(Former – resigned 6/2018) San Antonio Congressman (Dem) Carlos Uresti's "business" partner Stanley Bates sentenced to 15 yrs
Judge hands Uresti co-defendant and Ponzi scheme mastermind Stan Bates 15 years in prison
Stan Bates, the fast-talking mastermind of a Ponzi scheme that defrauded investors and toppled the career of longtime San Antonio lawmaker Carlos Uresti, was sentenced to 15 years in prison and ordered to pay $6.345 million.
Senior U.S. District Judge David Ezra imposed the sentence Tuesday morning on Bates, who gave a tearful apology.
The judge also ordered him to serve three years of supervised release after his prison term.
Uresti, a Democrat who resigned from the state Senate in June, was sentenced to 12 years in federal prison. Cain received a sentence of five years and eight months. Both are appealing their convictions.
https://www.mysanantonio.com/business/eagle-ford-energy/article/Uresti-co-defendant-and-Ponzi-scheme-mastermind-13218947.php