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Looks like the big house has a contract pending. See the link below.
http://search.har.com/engine/28322-Meadow-Falls-Magnolia-TX-77355_HAR77721012.htm
I was told the Porsche is still in one of Jarvis's garages. Why in the hell have the feds not taken it?
That's all I could dig up. My friend's son in Conroe said his bowling alley connection quit or was fired a few weeks ago.
I haven't been keeping up with this for some time. I gave up any hope of getting any money back. I will email my friend for an update.
Guess who is back. I went into a coma when they finally put those crocks in jail.
It's not sold yet. I'll keep you posted.
Jarvis is in Houston but should be relocated soon. To a cell with BB Bubba I hope. Where is Ellerman?
You do mean upto $200K and $100K to each victim????
I agree. The punk has never earned an honest dollar in his entire life. Hell is I hadn't notified the fed about those cars he would have them hidden as well.
All they can find and trace to him acquiring with ill-gotten funds.
Both. I don't know why the judge didn't order Jarvis to sell the bowling alley that he put in his wife Ginger's name. Lord knows that place will go under very soon. Ginger is so dumb; she couldn't run a lemon aide stand.
The creep says he's broke.
Two More Handed Sentences in Grifco Fraud Scheme
Over 300 Victims Submit Statements to the Court
U.S. Attorney’s Office
June 01, 2012 Southern District of Texas
(713) 567-9000
— filed under: Financial, Fraud, Press Release, White-Collar Crime
HOUSTON—A Magnolia, Texas businessman and a Chicago man have been sentenced for conspiring to commit wire fraud, United States Attorney Kenneth Magidson announced today. Evan “Nick” Jarvis, 39, of Magnolia, Texas, and Alex Ellerman, 36, of Chicago, pleaded guilty to the offense on March 4, 2011, and March 8, 2011, respectively.
At their plea hearings, Jarvis and Ellerman admitted they conspired with James Roland Dial, 56, of Houston, to enrich themselves between 2004 and 2007 by artificially inflating the stock price of a publicly traded company called Grifco International Inc. Grifco manufactured oil field drilling equipment, and Dial was Grifco’s CEO. Jarvis and Ellerman admitted knowing that Grifco issued a press release to the public on March 3, 2005 containing false information about Grifco’s revenue and net income and that he willfully and knowingly profited from the false press release by selling Grifco stock to the public at an inflated price. The stock ultimately became worthless.
Approximately 300 investors who had purchased Grifco stock submitted impact statements to the court for consideration at today’s sentencing, several of whom noted they had lost their life savings because of the fraud. Senior U.S. District Judge David Hittner, who accepted the guilty pleas in the case and presided over the hearing today, handed Jarvis a five-year prison sentence to be followed by three years of supervised release. In light of his cooperation in the case, Ellerman received a reduced sentence of 40 months. Dial was sentenced last month to five years in prison.
Judge Hittner also ordered Jarvis and Ellerman to pay restitution to their victims. A hearing to determine the amount of such restitution will be held no later than August 2, 2012. Jarvis, who admitted obtaining at least $2 million from the conspiracy, has agreed to sell real property located at 28322 Meadow Falls, Magnolia, Texas, currently valued at $1.8 million, and also to sell certain luxury vehicles, including a Chevrolet Corvette and a Porsche automobile, and to apply the proceeds against his restitution obligation.
Jarvis had been permitted to remain on bond pending his sentencing hearing but was taken into custody on May 3, 2012, for violating conditions of his bond, where he will now remain pending transfer to a U.S. Bureau of Prisons facility to be determined in the near future. Ellerman has been in custody since April 20, 2010, when he was arrested at George Bush Intercontinental Airport upon returning to the United States after a lengthy stay in Panama.
The two-year investigation leading to the charges was conducted by the FBI with the assistance of the Harris County District Attorney’s Office. The U.S. Securities and Exchange Commission has conducted a parallel investigation. Assistant U.S. Attorney John R. Lewis is prosecuting the case.
LINK:
http://www.fbi.gov/houston/press-releases/2012/two-more-handed-sentences-in-grifco-fraud-scheme
Leaving for Houston. I'll try for pictures of the criminals in jump suits and cuffs.
Inmates may receive a period of early release, not to exceed 12 months, based on the length of sentence imposed by the Court.
Early release link
http://www.bop.gov/policy/progstat/5331_002.pdf
After reading this, I will sleep very well tonight. I can only imagine how well I will sleep if Jarvis get about 11 years. When this is all over I'll let you know why I have it in for this as*hole. Besides the fact that he robbed me blind.
Thanks for the clarification on Jimbo. Jarvis does have the same judge. One can only hope Nick the pr*ck gets 135 months.
WOW were you at the hearing?
Yes he is. His bond was revoked last week and he was detained for violating terms of his bond. He and Ellerman will be sentenced June 1, 2012.
He is in custody for the next five years. Yes, he's going to do time.
Houston businessman James Roland Dial was sentenced to five years in prison this morning for defrauding investors who put money in his oilfield business named "Grifco."
The question is, CAN he do the time? LMAO
Crime
James Roland Dial: When You Name Your Fake Company "Grifco," You're Not Even Trying
Houston businessman James Roland Dial was sentenced to five years in prison this morning for defrauding investors who put money in his oilfield business named "Grifco."
Grifco? Hasn't anyone heard the term grifter? Or seen the movie?
Dial, 56, admitted that he and a partner had issued press releases containing lies about Grifco's revenue and income and then sold stock at inflated prices.
The stock was worthless...despite what A PRESS RELEASE said. We may never trust another.
Unfortunately, a lot of people sunk money into Grifco, prosecutors said.
"Approximately 300 investors who had purchased Grifco stock submitted impact statements to the court for consideration at Dial's sentencing today," the U.S. Attorney's Office said. "Several victims noted they had lost their life savings because of the fraud."
A hearing will determine how much restitution Dial will have to come up with.
Link to article
http://blogs.houstonpress.com/hairballs/2012/05/james_roland_dial_grifco.php
Any news on Dial
Today I celebrate Dial Sentencing Day. I wish Jimmy all the worst.
Where is Jarvis? I can't find him on the BOP inmate finder. I also called the BOP and they have no record of his confinement. How did I lose track of this crook? Does anyone know where he is holed up?
The arrest warrant was for "violating the terms of his supervised release". I would imagine it was a blanket warrant for all the violations. I don't know this for sure but I was told the FBI confiscated the new Camaro and Porsche.
DWI, busted at Mardi Gras for PI, buying cars and other expensive items rather than making restitution, failing drug tests, possessing drugs, possessing a firearm (hand gun), leaving the state without permission, and the list goes on and on. He was arrested several days prior to yesterday’s court appearance. The boy is basically in deep shit.
Thank you Jesus and Judge David Hittner.
Now they need to keep him FOREVER
Do you know what cars are his?
or that
Well do they lock him up or slap his hand?
Seems that the DOJ has had their hand forced. I'm sure they're getting sick of my ass. This should be very interesting.
I didn't post that
what figure?
Oh ya No thanks on the bet.
I guess my friend's son was right when he said Jarvis showed him just one of Jarvis bank statements back in 2009 with over $3 million on it. That was after he paid 1 million cash down payment on the bowling alley and over 2 million cash on that big house. Needless to say all the expensive cars, hookers and drugs.
Is that where he has been while waiting for sentencing?
You have no idea just how STUPID Jarvis is.
Got those and his wife, dad, brother, kids, mother in law and many other relatives.
If you would like to call Jarvis to find out? His cell number is
1-713-826-9008
Has anyone heard if Ellerman got sentenced today?
What a joke. Why is the DOJ allowing this crap? Ellerman will have his time served before the other 2 crooks get sentenced.