A federal jury in San Antonio found Democrat Texas State Senator Carlos Uresti guilty on 11 charges of criminal fraud on Thursday. The conviction sent shockwaves through the capital and the senator’s hometown.

Senator Uresti and his co-defendant, Gary Cain, stood before a judge in a federal courtroom Thursday morning and listened as the jury found them guilty on all counts. The judge released both men on bond pending a sentencing hearing scheduled for June 25, the San Antonio Express-News reported.

The federal wire fraud charges bring the potential of a 20-year prison sentence and a fine of up to $250,000. On each of the charges of money-laundering conspiracy and engaging in monetary transactions related to unlawful activity, the men could receive up to 10 years in prison and an additional $250,000.

A federal grand jury indicted Senator Uresti, Mr. Cain, and Four Winds CEO Stanley P. Bates in May 2017, Breitbart Texas reported. A few days later, the senator pleaded not guilty.

Breitbart Texas investigative journalist Ildefonso Ortiz reported:

On May 16, a federal grand jury handed down two separate indictments against Uresti with multiple charges in connection with two separate fraud cases. One of the cases dealt with a pyramid-like scheme where prosecutors allege Uresti and co-conspirators used a company called Four Winds to market sand for hydraulic oil production. The businessmen allegedly spent investors’ funds on personal expenses and used new monies from follow-on investors to pay back the older stakeholders. The second indictment alleges that for almost 10 years, Uresti received $10,000 a month to work as a marketing consultant for a company that serviced a Reeves County Detention Center. Uresti has been accused of having paid half of those sums of money as a bribe to a county official to secure future contracts.

Information provided to Breitbart Texas by officials within the FBI said the indictments charge that defendants developed a Ponzi scheme that defrauded investors in the hydraulic fracking sand oil production business. The defendants then used funds from newer investors to pay earlier investors and their own personal expenses.

Stanley Bates pleaded guilty on January 8 to avoid a trial and will be sentenced on April 17, FBI officials stated. “Former Four Winds employees Laura Jacobs, Shannon Smith and Eric Nelson all pleaded guilty in related federal cases and are expected to be sentenced over the coming months.”

The San Antonio newspaper broke out the convictions as follows:

As to State Sen. Carlos Uresti: Count 1, wire fraud: Guilty

Count 2, wire fraud: Guilty

Count 3, conspiracy to commit wire fraud: Guilty

Count 4, wire fraud: Guilty

Count 5, wire fraud: Guilty

Count 6, wire fraud: Guilty

Count 8, conspiracy to launder monetary instruments: Guilty

Count 11, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 20, securities fraud: Guilty

Count 21, securities fraud: Guilty

Count 22, unregistered securities broker: Guilty As to Gary Cain: Count 3, conspiracy to commit wire fraud: Guilty

Count 8, conspiracy to launder monetary instruments: Guilty

Count 13, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 14, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 15, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 16, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 17, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 18, engaging in monetary transactions in property derived from specified unlawful activity: Guilty

Count 19: engaging in monetary transactions in property derived from specified unlawful activity: Guilty