Tarrant County, Texas — A Texas man has been sentenced to 25 years in prison for using his business to orchestrate a $600,000 fraud scheme that targeted dozens of individuals and a financial institution.
Matthew Mixon, 38, pleaded guilty in December to misapplication of fiduciary property, according to the Tarrant County District Attorney’s Office.
Between February and October 2019, Mixon exploited his financing business by processing RV and boat loans without completing funding, ultimately scamming 70 people and a lender out of hundreds of thousands of dollars. Prosecutors said Mixon used the stolen money to fuel a gambling addiction.
Mixon reportedly provided various excuses to victims about delayed payments. Additionally, he scammed others in Louisiana and Tennessee, where he posed as a contractor and accepted payment for construction projects he never completed.
As part of his sentencing, Mixon was ordered to pay nearly $400,000 in restitution, according to court documents.
The DA’s office emphasized that the case highlights the dangers of financial fraud under the guise of legitimate business and urged the public to be cautious when dealing with financial service providers.
