Convicted fraudster heads back to prison

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A man with a previous conviction on charges of theft and money laundering is going back to prison after being convicted on new charges in Collin County.

Robert Mangiafico Jr., age 55, of Carrollton had previously served four years of a 40-year prison sentence. He was convicted in 2013 of stealing hundreds of thousands of dollars from people by selling phony annuities but was released in 2017 after just four years behind bars.

Officials with the Texas State Securities Board say he quickly resumed his efforts to commit fraud. They raided his offices at Premier Resources LLC in Carrollton in 2019.

He was indicted in Collin County on several charges related to financial crimes, including theft, securities fraud, securing execution of a document by deception and money laundering. Mangiafico was arrested in September of 2019 on drug charges.

Mangiafico was convicted this week of possession with intent to deliver GHB. That's a controlled substance commonly known as the date-rape drug. He was sentenced to 63 years in prison.

He was also convicted of evading arrest with a deadly weapon and sentenced to 20 years in prison.

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