Four Winds CEO Pleads Guilty

Former Four Winds CEO sentenced to federal prison for role in Uresti case

A federal judge sentenced former Four Winds Logistics LLC CEO Stan Bates to 15 years in federal prison and ordered him to pay $6.3 million in restitution for his role in a Ponzi scheme that involved former Texas State Sen. Carlos Uresti.

Bates appeared Tuesday morning at San Antonio’s federal courthouse for sentencing before U.S. District Court Judge David Ezra, who sentenced Bates to 15 years in federal prison and three years probation.

“Today Mr. Bates received a just punishment for the fraudulent scheme he orchestrated. Like all such schemes, the Four Winds plot, stripped to its core, was simply an effort to steal money belonging to other people,” U.S. Attorney John Bash said in a statement.

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