Financier Facing Sentencing For $1.4 Million Fraud
HOUSTON (AP) — An associate of a Texas financial adviser who committed suicide while under federal fraud investigation in 2011 is facing up to 20 years in a federal prison when he goes before a judge after pleading guilty to a $1.4 million fraud.
The case against Brian Bjork (BYOHRK) involved bilking eight investors, including $550,000 from the Houston Athletics Foundation, a non-profit contributor to the University of Houston athletics programs.
The Missouri City man also could be fined up to $250,000 Friday and is liable for $1.4 million in restitution under his plea agreement.
Bjork pleaded guilty in February to wire fraud in what prosecutors termed a “scam within a scam” run by another adviser, David Salinas. Salinas killed himself two years ago amid the investigation of an alleged $50 million swindle.