Alex Tannous claimed to be an emissary of Middle East royalty who could help investors cut through red tape. He kept their money instead.
A man who claimed to be a Middle East ern prince and touted sterling business connections to scam Texas investors pleaded guilty Thursday to wire fraud and agreed to pay $2.35 million in restitution. Dressed in a blue jail jumpsuit with a white long-sleeve shirt underneath, Alex Tannous, 39, admitted he swindled an Austin man who wanted to run ghost kitchens in the Middle East , to the tune of at least $40,000. A federal grand jury indicted Tannous on Feb. 21 on six counts of wire fraud.
He told potential investors, mostly small- to midsize business owners, that he could help them do business in the United Arab Emirates by tapping financing sources in the Persian Gulf country, according to the indictment and San Antonio Express-News interviews with alleged victims. According to the indictment, Tannous directed his victims to pay thousands of dollars to entities that he controlled to secure Emirati financing.
Equico Enterprises Alex Georges Tannous Justin Simmons Daniel Mehler Orlando Garcia Victim One Sonterra Middle East Austin Dubai Texas U.S. United Arab Emirates San Antonio Shavano Park Stone Oak Lebanon Persian Gulf Dominion
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Overheard at SEC Media Days: Texas, Texas, Texas, TexasThe marriage between two of college sports’ biggest brands has officially begun.
Read more »
Texas sets execution date for East Texas man accused in shaken baby caseThe art is being installed in Frisco.
Read more »
Texas sets execution date for East Texas man accused in shaken baby caseA Texas court on Monday set an execution date for Robert Roberson, who was sentenced to death in 2003 for killing his 2-year-old daughter but has consistently challenged the conviction on the claim that it was based on questionable science.
Read more »
Texas sets execution date for East Texas man accused in shaken baby caseLawyers for Robert Robertson say the science used to sentence him to death is questionable and that prior health issues could explain the death of his 2-year-old daughter in 2003.
Read more »
Texas sets execution date for East Texas man accused in shaken baby caseLawyers for Robert Robertson say the science used to sentence him to death is questionable and that prior health issues could explain the death of his 2-year-old daughter in 2003.
Read more »
WTI rises toward $82.00 due to supply threats over escalated Middle East tensionsWest Texas Intermediate (WTI) crude Oil price extends gains for the third successive session, trading near $81.80 during the Asian session on Friday.
Read more »