Carl William Pollock Indicted for Securities Fraud, Theft and Money Laundering
Texas State Securities Board
AUSTIN (News Release) - Carl William Pollock was indicted by a Travis County Grand Jury and charged with securities fraud, theft and money laundering in connection with a scheme to raise capital for two Austin-based healthcare companies. The charges are first degree felony offenses, meaning Pollock faces up to 99 years or life in prison if convicted of any of the three crimes.
The indictment accuses Pollock of engaging in criminal conduct in connection with the aggregate sale of approximately $1.5 million in investments issued by HRA-Healthcare Recovery Advisors, LLC, HRM-Healthcare Resource Management, and Associated Healthcare Technologies, LLC. According to the indictment, Pollock misrepresented the use of principal to at least 20 victims - in part claiming money invested in HRA would be used to pursue financial recoveries from insurance companies on behalf of healthcare providers. Pollock is charged with intentionally concealing the true financial dealings – taking money from investors and paying personal expenses.
Pollock also filed for Chapter 11 Bankruptcy in US Bankruptcy Court in Austin – a fact that was allegedly concealed from investors. According to the indictment, Pollock further concealed lawsuits from victims – including a judgment finding him liable for more than $350,000.
According to records maintained by the Secretary of State, HRA and HRM officed on Barton Creek Boulevard in Austin, Texas. Their charters were forfeited, however, when the businesses failed to pay taxes.
Pollock was arrested in April 2021. He was released on personal bond and is awaiting trial.
The Texas State Securities Board investigated the case and is assisting the Travis County District Attorney’s Office in prosecuting the defendant.
