An Orange, Texas man has pleaded guilty to a federal violation related to a fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.
Bradley Morgan Holts, 54, pleaded guilty on March 31, 2025, to wire fraud before U.S. Magistrate Judge Zack Hawthorn.
According to information presented in court, Holts, a financial advisor and stockbroker, was previously a financial advisor at Capital One Bank and World Capital Brokerage. In 2021, Holts opened a bank account in the name “Bradley Morgan Holts dba Invesco Investment Texas” (ITT). Using this account, Holts deceived investors intending to make investments in Invesco, Ltd., a global investment firm, and used the client funds for his own personal use.
Holts faces up to 20 years in federal prison at sentencing. The maximum statutory sentence is prescribed by Congress and is provided here only for informational purposes. The ultimate sentence will be determined by the court, based on advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the U.S. Probation Office.
This case is being investigated by FBI’s Beaumont Field Office and prosecuted by Assistant U.S. Attorneys Chris Jackson and Reynaldo P. Morin.
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