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Man Pleads Guilty to $8M Scam | Texas News
A 68-year-old conman named William Thomas Engle is facing nine years in prison after swindling over $8 million from trusting investors by promising to safeguard their money for business loans—only to vanish it on yachts, jewelry, and cars while faking bank statements. He lied repeatedly, offering excuses instead of returns, until federal prosecutors exposed his fraud. Charged with wire fraud, conspiracy, and money laundering, Engle pleaded guilty after a January 2026 trial. This chilling case serves as a warning: even when something sounds official, due diligence matters—and victims are left…
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