Former Texas Sen. Carlos Uresti, convicted for his role in Ponzi scheme, released from prison

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Former Texas Sen. Carlos Uresti, convicted for his role in Ponzi scheme, released from prison
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The Democrat from San Antonio was initially sentenced in 2018 to 12 years in federal prison. His sentence was later reduced, and he will stay in a halfway house until December 2024. tx kprc2 click2hou ponzi carlosuresti

Carlos Uresti talks with the media after his sentencing in federal court on June 26, 2018. The former state senator was released from federal prison Friday, his lawyer said., The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

Uresti thanked his lawyers for continuing to work on his case and said his release was a result of good conduct and the federal First Step Act, which aimed to reform federal prison and sentencing laws to reduce recidivism and lower the inmate population in federal prisons. and wire fraud in 2018 for participating in a Ponzi scheme against investors by FourWinds Logistics, an oil-field services company for which he worked as general counsel.to a count of conspiracy to commit bribery for facilitating bribes to a county judge on behalf of a medical services company seeking a contract in the county’s jail. He was serving both sentences concurrently.

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