Texas state Sen. Uresti, co-defendant Cain found guilty on all charges in criminal fraud trial

Shocking revelations from the state Sen. Uresti fraud Case

Click ahead for a look into some of the shocking testimony in the fraud case of Texas State Sen. Carlos Uresti's and co-defendant Gary Cain and their connection with FourWinds Logistics. It’s one of the most high-profile and sensational trials in San Antonio in years, with allegations of an extramarital affair and investor money spent on drugs and prostitutes. less Shocking revelations from the state Sen. Uresti fraud Case

Click ahead for a look into some of the shocking testimony in the fraud case of Texas State Sen. Carlos Uresti's and co-defendant Gary Cain and their ... more Photo: Jerry Lara /San Antonio Express-News Photo: Jerry Lara /San Antonio Express-News Image 1 of / 41 Caption Close Texas state Sen. Uresti, co-defendant Cain found guilty on all charges in criminal fraud trial 1 / 41 Back to Gallery

Texas state Sen. Carlos Uresti and co-defendant Gary Cain were found guilty on all charges in San Antonio federal court today in a criminal fraud trial that has stunned the city and state capitol.

It took the 12 jurors roughly 11 hours over three days to reach a verdict. Both Uresti and Cain are allowed to remain free on bond until sentencing, which was set for June 25.

The San Antonio Democrat was indicted last year by a federal grand jury on 11 felony charges in connection with his roles at now-defunct oilfield company FourWinds Logistics. Co-defendant Gary Cain was charged with nine felony counts for his involvement as a consultant to the company.

RELATED: Star witness who lost $800K says Uresti was ‘my friend, my lover’

Story continues below with charges listed.

The courtroom was opened shortly after 10 a.m. as lawyers and prosecutors were informed by court staff to return for the verdict. President Donald Trump's new U.S. Attorney for the Western Distric of Texas, John Bash, was there to witness it.

Uresti stood behind his chair with his hands clasped as he waited for the verdict to be read to the packed courtroom.

The FBI's special agent in charge for San Antonio, Christopher Combs, and other federal agents were also in the courtroom.

Each count is listed below.

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

READ MORE: Shocking revelations and testimony during Uresti’s fraud trial

Each wire fraud and conspiracy to commit wire fraud count carries a maximum penalty of 20 years in prison and $250,000 fine. The conspiracy to launder monetary charge is punishable by up to 10 years in prison and a $250,000 fine. Each securities fraud charge and the unregistered securities broker count carries a maximum of 20 years in prison and a $5 million fine. Each of Uresti’s counts also is punishable by up to three years of federal supervision to be served after release from prison.

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

The conspiracy to commit wire fraud count carries a maximum penalty of 20 years in prison and $250,000 fine. The money-laundering conspiracy charge and each count of engaging in monetary transactions related to unlawful activity is punishable by up to 10 years in prison and a $250,000 fine. Each of Cain’s nine counts also carries a maximum of three years of post-prison federal supervision.

*Uresti, Cain and FourWinds CEO Stan Bates were indicted on 22 felony charges. Bates pleaded guilty to eight counts last month rather than stand trial.