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Former Texas senator gets 12-year prison sentence for fraud

June 26, 2018 GMT

SAN ANTONIO (AP) — A federal judge has sentenced a former Texas senator who resigned last week after being convicted on fraud charges to 12 years in prison.

Democrat Carlos Uresti was also ordered Tuesday to pay $6.3 million in restitution to investors he defrauded in a Ponzi scheme. The San Antonio Express-News reported that Uresti told the court during the sentencing that he felt remorseful, disgraced and angry at himself.

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The longtime San Antonio lawmaker was convicted in February on 11 counts of money laundering and wire and securities fraud. He was general counsel for FourWinds Logistics, a fracking and sand company that went bankrupt in 2015.

The 54-year-old Uresti was first elected to the Texas Legislature in 1997. He had resisted calls to resign after his conviction before stepping down last week.