Ex-lawyer in San Antonio guilty of $133 million swindle
SAN ANTONIO — A San Antonio businessman who is also a disbarred lawyer has pleaded guilty for his role in what officials have described as the largest fraud case ever filed here — a tax and insurance swindle with losses of more than $133 million.
Larry W. Kimes, 61, squandered the money on vacations, girlfriends, gambling trips to Las Vegas and other personal expenses, prosecutors have said.
He entered the plea this week for tax fraud conspiracy and mail fraud conspiracy related to payroll services and workers' compensation insurance. He is the last of six co-defendants to do so.
The charges stem from his role in having duped mom-and-pop businesses and taxpayers between 2002 and 2008, using professional employer organizations that had various names or related entities. He was the manager of AccounTex Financial Services LLC, one of the entities used in the swindle.
More at http://www.mysanantonio.com/news/local/article/Ex-lawyer-guilty-in-133-million-swindle-5152892.php .