Developer indicted with Carlos Uresti a familiar figure
Three other men were indicted Tuesday along with State Senator Carlos Uresti. The name of one of them may sound familiar to News 4 San Antonio viewers. He is Gary Cain and News 4 Trouble Shooter Jaie Avila first investigated him back in 2012.
At the time Cain and his brother were indicted for allegedly defrauding Rackspace and taxpayers in Windcrest. They were accused of diverting money to themselves that was supposed to be used to convert the old Windsor Park Mall into Rackspace's headquarters.
At the time prosecutors said Gary Cain used some of the money on a lavish lifestyle, including throwing a sweet sixteen party for his daughter that was featured in a reality show on MTV.
However, when Cain went to trial on that case in 2014 he was acquitted of the charges. Cain was defended by Nico LaHood, shortly before LaHood became Bexar County District Attorney.
After the Rackspace trial Jaie Avila conducted an exclusive interview with Cain in which he denied any shady dealings.
“No, no, not at all, everything was done completely in the open and in public," Cain said.
Now Gary Cain and Uresti are accused of conspiring to run a Ponzi scheme along with the other defendants. The indictment says Cain worked for a company called Four Winds as a consultant, and was paid $30,000 a month using investors’ money.
Most of the attention will be on State Senator Uresti of course, but many in Windcrest are wondering if Gary Cain will beat this new indictment.