December 2016-Dallas, Texas
Wesley Michael Woodyard, 65, pleaded guilty to one count of wire fraud in connection with a $4.6 million fraudulent scheme involving Ace European Insurance Company (ACE).
According to a release from the U.S. Attorney’s office, from 2002-2013, through his company Ringler Associates of North Texas, Woodyard stole ACE funds which they believed would be used to purchase annuities for insurance claimants. Woodyard unlawfully used the majority of the funds for his own personal financial benefit.
Woodyard faces a maximum of 20 years in federal prison and a $250,000 fine.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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