SAN ANTONIO, Texas, July 24 -- The U.S. Department of Justice's Federal Bureau of Investigation San Antonio Field Office issued the following press release:
AUSTIN, Texas - A federal jury convicted an Austin man Wednesday of wire fraud and money laundering, announced U.S. Attorney Justin R. Simmons for the Western District of Texas.
According to court documents and evidence presented at trial, John Stuart Robison, 63, convinced an investor to pay $1 million into a business bank account controlled solely by Robison. Robinson represented the money would go to benefit the University of Austin. The money was to be kept in an escrow account unless and until Robison raised an additional $1 million.
As part of the scheme, Robison lied to the in...