Texas senator convicted of 11 federal felony charges

Staff Writer

SAN ANTONIO (AP) — A state senator from San Antonio faces a potentially long prison term after his conviction Thursday on 11 federal counts of money laundering and wire and securities fraud.
Sen. Carlos Uresti was charged in May in connection with his roles at a now-defunct oilfield company. The jury deliberated over two days before reaching its verdict. Several of the charges could lead to prison sentences of up to 20 years. Sentencing is scheduled for June 25.
Uresti was found guilty along with a co-defendant, Gary Cain, who was an executive with FourWinds Logistics. The pair lied to investors in order to make money for the company, prosecutors said...To read more, please refer to our print or online edition.