Attorney Accused in Massive Ponzi Scheme | Dallas News

A 70-year-old Grand Prairie attorney, David Thomas Gilchrist, faces federal charges including wire fraud, aggravated identity theft, and witness tampering after allegedly running a Ponzi-style scheme promising investors Texas property tax lien investments—but instead pocketing their money for personal use. Prosecutors say he forged documents with fake notary signatures to cover his tracks and even tried to pressure victims to flee the country, claiming the FBI was after them. The SEC’s Inspector General and DOJ are handling the case; conviction could mean up to 20 years in prison plus mandatory time for identity theft. A separate civil case is also pending—exposing how a trusted legal professional betrayed those who placed faith in him. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ccad5548df4b2976