Arlington man sentenced to 40 years in prison for scheme that bilked investors out of millions

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Richard Gregory Tilford, of Arlington, was sentenced Wednesday to 40 years in state prison for helping to bilk millions from investors in a fraudulent digital marketing investment scam.

The scheme involved internet advertising StaMedia, which investors were told was backed by a digital patent valued at $85 million and promised their investments would be guaranteed with a 9% return, according to a press release issued by the Texas State Securities Board.

But StaMedia never generated any revenue and investor funds were used to pay for personal expenses, which included expensive cars and trips, according to previous reports.

Tilford was also sentenced in Collin County to serve 10 years in prison for each of six counts o selling unregistered securities and 10 years of prison for each of six counts of acting as an unregistered dealer. The sentences will run concurrently, according to the release.

Former pastor Timothy Lloyd Booth, a co-defendant, was previously indicted and convicted of theft and securities fraud in connection with the StaMedia scheme. He was sentenced to serve 68 years in prison.

Bobby Guess, another co-defendant, is currently serving a 12-year prison sentence for his role in the scheme. Guess was a local radio personality and author of “Robbed With a Pen Again,” which provided advice to investors to protect their assets from fraud.