James Elton Warr, who operated American Note Warehouse, has been sentenced to 15 years in prison after being convicted of bilking investors out of more than $1 million from 2010 to 2011.

His brochure read:  “Make Money in Real Estate Without Real Estate.” His business card touted “Contractually Guaranteed 13% Interest”

A Travis County, Texas jury on Jan. 26 found Warr, 69, guilty of first-degree felony charges of theft, securities fraud, money laundering and misapplication of fiduciary property. He could have been sentenced to as much as 99 years behind bars.

READ MORE:  http://www.mystatesman.com/business/year-prison-sentence-handed-down-austin-securities-fraud-case/Rk03Wsl4UOrwEu1ja8bSUK/amp.html

Contributed by David Fenoglio

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