The Brief

A Murphy man was sentenced to over 12 years in prison for defrauding investors of more than $4 million.

Sameer Praveen Sethi, 42, was found guilty of multiple counts of wire fraud and one count of money laundering.

Sethi used investor money from oil and gas ventures for personal and business expenses, resulting in almost no returns for victims.

COLLIN COUNTY, Texas - A Murphy man has been sentenced to federal prison for defrauding investors of over $4 million in the Eastern District of Texas.

What we know:

42-year-old Sameer Praveen Sethi was convicted of seven counts of wire fraud and one count of money laundering by a jury following a lengthy trial on December 10, 2024.

On August 28, 2025, Judge Jordan sentenced Sethi to 151 months in federal prison.

According to info

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