The former Parkland Securities broker who was charged with murdering a client in 2020 while he was already under investigation for a Ponzi scheme was found guilty on Wednesday of multiple federal crimes, according to court documents and Eastern District of Texas U.S. Attorney Brit Featherston.
Keith Todd Ashley, 50, of Allen, Texas, was found guilty by a jury of wire fraud, mail fraud, bank fraud and carrying a firearm in relation to a crime of violence. The verdict was reached after a week-long trial before Judge Amos L. Mazzant in U.S. District Court for the Eastern District of Texas in Sherman.
Ashley faces up to life in federal prison at sentencing for the crimes he was found guilty of, Featherston said in a news release. A sentencing hearing will be scheduled after the completion of a presentence investigation by the U.S. Probation Office, he added.
The Justice Department did not charge Ashley with murder. The status of Ashley's separate murder case wasn't clear on Friday, and the Dallas County District Attorney's Office declined to comment on Friday.
Ashley was a registered nurse who also began working as an advisor and life insurance agent. According to information presented at his trial, starting in 2016, he began stealing money from his clients.
He promised his clients he would invest their money in financial products but instead used the funds to pay other clients, to keep his struggling brewery in business, to pay his personal bills and to fund a lavish lifestyle, according to Featherston and court documents.
