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TEXARKANA, Texas — An indictment unsealed Thursday in a Texarkana federal court accuses a lawyer of duping clients in Wake Village, Texas, and Miller County, Arkansas, out of hundreds of thousands of dollars.

The State Bar of Texas website shows David Allan Krueger Jr. is under suspension and ineligible to practice law. The site shows a Frisco, Texas, address for Krueger's law practice and a Colorado address as his permanent residence.

Krueger's indictment alleges that he devised a scheme to defraud three current and/or former clients by convincing them to invest in a misting fan business in 2014 and 2015. The indictment alleges Krueger, who is not licensed to sell securities, told clients in Wake Village that he was setting up a trust for their benefit and that he was investing $400,000 in settlement proceeds on their behalf in the misting fan business.

The alleged victims were allegedly given documents, sent emails and text messages and cajoled into believing they would see big returns on their investments and that their money was safe, the indictment alleges. The government is seeking a judgment of $501,200.

Krueger has been charged with mail fraud. Krueger was indicted Aug. 21 by a federal grand jury in the Texarkana Division of the Eastern District of Texas. Krueger's lawyer, Johannes Massar of Garland, Texas, filed a waiver of arraignment earlier this week in the case indicating Krueger is entering a not guilty plea to the indictment.

The case is currently scheduled for jury selection Jan. 27 before U.S. District Judge Robert Schroeder III. Assistant U.S. Attorney Frank Coan is prosecuting.

If convicted of mail fraud, Krueger faces up to 20 years in federal prison and a fine up to $250,000.

 

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