State Sen. Uresti faces fraud lawsuit tied to FourWinds
State Sen. Carlos Uresti has been sued for fraud in connection with his involvement in a San Antonio frac sand company that went bankrupt in 2015.
Denise Cantu of Harligen said Uresti, a San Antonio Democrat, and others “tricked” her into believing that she was investing with the now-defunct FourWinds Logistic to buy and sell frac sand, according to a lawsuit she filed in Hidalgo County in January. In actuality, the suit says, company officials distributed her money amongst themselves.
Uresti received a $27,000 commission on Cantu’s $900,000 investment. Her investment represented the bulk of a legal settlement she received from a wrongful-death case involving two of her children who were killed in a 2010 vehicle accident. Uresti was part of the legal team that won her the settlement.
Cantu now accuses Uresti of negligent misrepresentation and breach of fiduciary duty over the FourWinds deal. The suit, filed in January in Hidalgo County, seeks unspecified economic and punitive damages.
Read more: http://www.mysanantonio.com/business/local/article/State-Sen-Uresti-faces-fraud-lawsuit-tied-to-10990287.php
