A 54-year-old Orange man has pleaded guilty to wire fraud in connection with an investment scheme, Acting U.S. Attorney Abe McGlothin, Jr. announced.
Bradley Morgan Holts entered his guilty plea on March 31, 2025, before U.S. Magistrate Judge Zack Hawthorn in the Eastern District of Texas.
According to court documents, Holts, a financial advisor and stockbroker, previously worked at Capital One Bank and World Capital Brokerage. In 2021, he opened a bank account under the name “Bradley Morgan Holts dba Invesco Investment Texas” (ITT). Holts used this account to deceive investors into believing they were investing in Invesco, Ltd., a global investment firm. Instead, he misappropriated the client funds for personal use.
Holts faces a maximum sentence of 20 years in federal prison. The final sentence will be determined by the court based on advisory sentencing guidelines and other statutory factors following a presentence investigation by the U.S. Probation Office.
The case was investigated by the FBI’s Beaumont Field Office and is being prosecuted by Assistant U.S. Attorneys Chris Jackson and Reynaldo P. Morin.
