SAN ANTONIO - Sen. Carlos Uresti's criminal fraud trial begins on Monday with opening statements in a U.S. District Court in San Antonio.
Uresti and a co-defendant, Gary Cain, are charged with money laundering, wire fraud and securities fraud in connection with now-bankrupt Four Winds Logistics, a sand fracking company.
A third defendant, Stan Bates, pleaded guilty earlier this month to eight felony counts.
The trio is accused of using the company as a Ponzi scheme to get people to invest in the company, but instead pocketing the money.
The trial is expected to last a few weeks. Uresti, 54, is facing years in prison and millions of dollars in fines. KSAT's Dillon Collier is at the courthouse and will give updates as they become available.
Uresti co-Defendant Gary Cain arrives for Day 1 of trial. Cain’s attorney said “God be with us” as he walked into court #KSATnews pic.twitter.com/khT5tRG5fE — Dillon Collier (@dilloncollier) January 22, 2018
A jury was seated Thursday in the case. Ninety potential jurors were seated as the process began to whittle the group down to the final 16.
One-tenth of potential jurors said in court that Uresti should be held to a higher standard because he is a politician and that his position as a state senator will likely influence their decision in this case.
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