Criminal fraud trial begins in San Antonio for Sen. Carlos Uresti

State senator charged with money laundering, wire fraud, securities fraud

By David Ibanez - Web - Managing Editor, Dillon Collier - Investigative Reporter, RJ Marquez - Digital Content Curator

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. 

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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