Texas Man Sentenced In Oil And Gas Investment Swindle

SAN MARCOS (April 11, 2013)—A Dripping Springs man has been sentenced to 25 years in prison for using more than $200,000 in oil and gas investments to pay for an online dating service, electronics and luxury jewelry.

A statement Thursday from the Texas State Securities Board statement said a Hays County jury found Robbie Dale Walker guilty of stealing more than $200,000.

An indictment accused Walker of falsely promising a 93-year-old family friend annual returns of 15 percent.

The victim is now 95.

State regulators say Walker invested none of the money.

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