In the following press release John M. Bales, United States Attorney for the Eastern District of Texas, announced that a 43-year-old Murphy, Texas man has been arrested on charges of bank fraud and identity theft in the Eastern District of Texas. 

Clifford Wayne Robertson appeared today before U.S. Magistrate Judge Amos L. Mazzant to be formally charged with bank fraud and aggravated identity theft.

According to the Indictment, an investigation determined that Robertson claimed to be a real estate investment advisor who hosted A.M. radio real estate investment talk shows and in-person seminars.  Beginning in December 2007, Robertson is alleged to have used the identity of another person to submit a fraudulent personal financial statement to a lending institution in order to obtain money by false pretenses.  Robertson was indicted on Sept. 10, 2009 and was arrested today in Dallas, Texas. 

If convicted, Robertson faces up to 32 years in federal prison.

This case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Tammy Reno.

It is important to note that an indictment should not be considered as evidence of guilt and that all persons charged with a crime are presumed innocent until proven guilty beyond a reasonable doubt.

Update on Friday, January 15, 2010 at 2:55PM by The Editor - Ian Shuter - ACFE, DMS

U.S. Attorney John M. Bales announced today that a 43-year-old Murphy, Texas man has pleaded guilty to charges of bank fraud and identity theft in the Eastern District of Texas. CLIFFORD WAYNE ROBERTSON pleaded guilty to bank fraud and aggravated identity theft today before U.S. Magistrate Judge Don Bush.

According to the indictment, an investigation determined that Robertson claimed to be a real estate investment advisor who hosted A.M. radio real estate investment talk shows and in-person seminars.  Robertson admitted that beginning in December 2007, he used the identity of another person to submit a fraudulent personal financial statement to a lending institution in order to obtain money by false pretenses.  The loss to investors is estimated to be around $3 million.  Robertson was indicted by a federal grand jury on Sept. 10, 2009.  He has been detained since his arrest in Dallas on Sept. 18, 2009.  

Robertson faces up to 32 years in federal prison at sentencing.  A sentencing date has not been set.

 

Press Release

This case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Terri Hagan.