GUILTY: State Sen. Uresti faces up to 20 years in prison

Sen. Carlos Uresti, D-San Antonio, speaks as Texas Senate debates abortion bill HB2, Friday, July 12, 2013, in Austin, Texas. The bill would require doctors to have admitting privileges at nearby hospitals, only allow abortions in surgical centers, dictate when abortion pills are taken and ban abortions after 20 weeks. (AP Photo/Eric Gay)

Guilty of all charges.

That’s the verdict handed down by a federal jury today in the fraud trial of State Senator Carlos Uresti.

Among the 11 felony charges, securities fraud, money laundering and wire fraud.

The verdict was the result of Uresti’s role in a oil field sand fracking business called FourWinds Logistics.

Uresti helped line up several investors but the company went under and the investors were out millions of dollars.

Uresti will be sentenced on June 25th.

His co-defendant Gary Cain was also found guilty on all counts.



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