– Collin County resident Clifford Wayne Robertson has pleaded guilty to charges of bank fraud and identity theft.
Reports show the 43-year-old Robertson claimed to be a real estate investment advisor who hosted A.M. radio real estate investment talk shows and in-person seminars.
He admitted that beginning in December 2007, he used the identity of another person to submit a fraudulent personal financial statement to a lending institution in order to obtain money by false pretenses.
The loss to investors is estimated to be around $3 million. Robertson faces up to 32 years in federal prison at sentencing.