Former Scientologist found guilty of defrauding other exes - ALSO: 1998 film re-release - 2015-05-28
On Tuesday, a federal jury convicted Frank Pate, 47, of two counts of wire fraud and one count of mail fraud after a five-day trial in Sherman, Texas. He is in custody and will be sentenced at a future date.
Previously, we told you about Pate, a former Scientologist who, according to some of his former clients, used their connections as former church members to convince them to invest with him.
Pate ran something he called the Infinity Companies, which he used to attract investors for foreign currency trading. But at trial, Pate was unable to show that he'd actually invested the money people gave him — instead, the FBI testified, he'd used the money for personal expenses.