Texas History

On Feb. 1, 1971, the Securities and Exchange Commission (SEC) released a 47-page followup to the bombshell lawsuit filed two weeks earlier that exposed a stock fraud scheme involving a Houston banker and real estate developer and politicians in the highest offices in the State of Texas.

Frank W. Sharp was one of those familiar Bayou City success stories but with a novel twist. He made his fortune not in oil but by building homes.

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