Thread by @Jkylebass

What a great morning! Today, after almost seven years, Hollis Greenlaw, Ben Wissink, Cara Obert, and Brandon Jester (formerly of United Development Funding) will be sentenced to federal prison on 10 felony counts each. These convicted felons defrauded over 30,000

investors of hundreds of millions in a Ponzi-like scheme where they raised new funds to pay old investors their fictitious returns. Years ago, The @SECGov and @SECEnfDirector enforcement lawyer settled multiple fraud charges with these criminals without having the

requirement of audited financial statements and LEFT the now convicted felons in their management positions to continue their fraud against small investors unabated until the @FBI arrested and charged them for criminal behavior. The @FortWorth_SEC enforcement lawyer

then promptly accepted a private legal partnership with the criminal’s primary law firm shortly after the settlement. This case is riddled with such shocking revelations as these that notes have been copiously taken and there will be more to come. I’m the meantime,

Justice will be served on these heartless criminals that changed thousands of retiree’s lives for the worse…forever. @Dallas_Matters @DallasTexasTV @FBI @FortWorth_SEC @dallasnews @dallasnewsnow @DallasNewsGuild @NBCDFW @NBCDFWCommunity @ScottBurnsSAL @wfaa @timmytyper

@GrapevineTXCity @westlaketx @FBChamber @GaryGensler Gary, you should have a look into what happened with the SEC lawyer and the fine that was supposed to be paid from the criminal’s pockets…the defrauded investors paid your SEC settlement yet again. $UDFI #UDF #MassiveFraud

Hollis Greenlaw received a 7-year sentence from Judge O’Connor, while Wissink and Obert received 5-yr sentences each for their parts in the crime. Obert was the only criminal who apologized to investors for what she did. The dystopian reality of Hollis’ accusations rang hollow.