Northeast Tarrant

A Haltom City man who gambled with the law too many times gets 25 years in prison

Ronald T. Dunn was sentenced to 25 years in prison on Thursday after bilking 13 people out of out of more than $693,000
Ronald T. Dunn was sentenced to 25 years in prison on Thursday after bilking 13 people out of out of more than $693,000 Tarrant County Sheriff's Department

A Haltom City man who rejected a plea bargain agreement last year was sentenced to more than twice the time he was offered in September, according to court records.

Ronald T. Dunn, 67, was offered a 10-year prison sentence in exchange for a guilty plea on security fraud, theft over $200,000 and theft of the elderly charges. The Tarrant County District Attorney's Office extended the offer until Nov. 1, when it was withdrawn, according to court documents.

On Dec. 11 Dunn, who had n previous criminal record, agreed to plead guilty to those crimes and accept sentencing from State District Judge Wayne Salvant, who ordered 25 years of imprisonment following his review of a pre-sentencing report, court documents said.

Dunn committed these crimes while he was an agent with Prudential Financial, gaining victims’ trust as clients of a well-established corporation, according to a news release from the Tarrant County District Attorney's Office.

Many of the customers Dunn defrauded were elderly, and even though Prudential was at no time involved in or responsible for hiss criminal activity, Prudential Financial has offered restitution to many of the victims devastated by Dunn’s crimes.

Authorities believe more victims of Dunn’s Ponzi scheme may have not come forward and the Tarrant County Criminal District Attorney’s Office encourages anyone who may have additional information about similar acts to contact our office to call 817-884-1400.

Charles Ponzi didn’t invent his eponymous pyramid scheme — but he lent star power to one of the oldest scams in the book. He also believed that his plan could have become a legitimate business.

Mitch Mitchell: 817-390-7752, @mitchmitchel3

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