{"id":384242,"date":"2026-07-23T20:02:09","date_gmt":"2026-07-23T20:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/384242\/"},"modified":"2026-07-23T20:02:09","modified_gmt":"2026-07-23T20:02:09","slug":"austin-man-found-guilty-of-money-laundering-wire-fraud-after-convicing-investor-to-pay-1m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/384242\/","title":{"rendered":"Austin man found guilty of money laundering, wire fraud after convicing investor to pay $1M"},"content":{"rendered":"

John Stuart Robinson, 63, allegedly claimed the investor was providing money for the University of Austin. <\/p>\n

AUSTIN, Texas \u2014 An Austin man faces more than a decade behind bars after he was convicted of money laundering and fraud, according to the U.S. Attorney\u2019s Office for the Western District of Texas.\u00a0<\/p>\n

The attorney\u2019s office said 63-year-old John Stuart Robinson convinced an investor to pay $1 million to a bank account he controlled, allegedly claiming the funds would support the University of Austin. The funds were supposed to be held in a third-party account “unless and until Robinson raised an additional $1 million,” documents stated.\u00a0<\/p>\n


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Once the money was sent to Robinson’s business bank account, he sent $250,000 of that funding to a different one of his accounts, according to the attorney’s office.\u00a0<\/p>\n

Several months later, “Robinson had essentially spent the entire $1 million.” During this time, he allegedly lied about land ownership, offered untrue property contracts and said he made project payments using his own accounts.\u00a0<\/p>\n

He was indicted last year on Nov. 18 and was arrested several days later on Nov. 21.\u00a0<\/p>\n

Robinson now faces up to 20 years in federal prison for one count of wire fraud and an additional maximum of 10 years in prison for charges of money laundering.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"John Stuart Robinson, 63, allegedly claimed the investor was providing money for the University of Austin. AUSTIN, Texas…\n","protected":false},"author":2,"featured_media":384243,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":["post-384242","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/384242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=384242"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/384242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/384243"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=384242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=384242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=384242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}