MENU
component-ddb-728x90-v1-01-desktop

Alleged fraud victim files second lawsuit against Sen. Carlos Uresti

Mcallen-based attorney Oscar Alvarez is representing San Benito resident Denise Cantu who says she invested $900,000 into FourWinds Logistics at Uresti's suggestion, that ultimately led her to lose all her money.

Editor's note: This story has been updated.

A federal grand jury charged state Sen. Carlos Uresti with 11 counts which include bribery, wire fraud, conspiracy to commit money laundering and securities fraud on Tuesday.

Soon after the indictment was unsealed, Uresti released a statement:

"I want to reach out to all of the Texans I represent and assure them that I am innocent of all charges, and I look forward to my day in court when all the facts will come out, and I will be found not guilty of all charges by a jury of my peers."

The counts stem from Uresti’s involvement in an alleged investment scheme to market fracking sand for oil production from the now bankrupt company, FourWinds Logistics.

Mcallen-based attorney Oscar Alvarez is representing Rio Grande Valley resident Denise Cantu who says she invested $900,000 into FourWinds Logistics at Uresti's suggestion, that ultimately led her to lose all her money.

"She gained a lot of trust in this transaction because she was shown bank statements that showed FourWinds Logistics with almost 19 million in one bank and almost 2.4 million in another and because she felt this company was solid-- she invested her money, but it was all lies," Alvarez said.

Alvarez said Uresti represented Cantu in a wrongful death case after her children died in a car accident. Cantu received the $900,000 she lost in the wrongful death settlement.

The first lawsuit Alvarez and his client filed was against FourWinds Logistics and partial owner Stan Bates, but the lawsuit was put on hold after the company filed for bankruptcy.

So, a second lawsuit was filed.

"We will continue to investigating and doing discovery in this case and if we find out that other people are responsible for this, I am going to be suing them," said Alvarez.

Alvarez is looking to get Cantu her investment back, but civil lawsuit received a legislative continuance in March by the request of Uresti's attorneys.

"We need to interact with Senator Uresti in order for us to intelligently participate, and unfortunately Senator Uresti is smack in the middle of the legislature session," said Alvarez.

Alvarez believes Uresti's role in legislation is no longer necessary after his charges became public.

"Now knowing that he has been charged with federal crimes, I believe it wasn't right and it wasn't fair for Senator Uresti to use his legislative shield to prevent us from getting to the truth," said Alvarez.

The next trial date has been set for Dec.19.

Trending