One of Carlos Uresti's buddies will be able to keep him company in a federal prison, News Radio 1200 WOAI reports.
Gary Cain, a consultant to the bogus fracking sand company FourWinds Logistics has been sentenced to 68 months in prison for his role in the scam, which separated some $6 million from investors who thought they were putting their money into a solid oilfield services company. But FourWinds turned out to be a Ponzi scheme.
Cain was convicted in the same trial as Uresti, who got 12 years in prison. Charges against Cain included one count of conspiracy to commit wire fraud, one count of conspiracy to commit money laundering and seven counts of engaging in monetary transactions with property derived from specified unlawful activity.
Cain, as was Uresti, was also ordered to pay more than $6 million in restitution to the victims.
A third FourWinds official, company president Stanley Bates, pleaded guilty to similar charges. He is set to be sentenced in August.