Former RodeoHouston vice president Michael Wayne Galvan facing 20 years in prison over wire fraud charges, US Attorney says [Video]

Post author By Curator
Post date September 27, 2024

HOUSTON, Texas (KTRK) — The former RodeoHouston vice president was found guilty of conspiracy to commit wire fraud during his tenure under one of the city’s largest events, according to U.S. Attorney Alamdar S. Hamdani.

Michael Wayne Galvan, 61, reportedly operated as a high-end contractor under MWG Ventures LLC doing business as MGB Builders.

Officials said from February 2016 until March 2018, Galvan used his position within the rodeo to find his victims. He would allegedly solicit short-term loans by offering the chance to earn interest through his contracting business.

Galvan, who was arrested in 2023, reportedly told the victims that he would purchase granite and exotic tiles from China and various overseas locations for his company.

The former VP hauled in nearly $2.8 million from multiple victims, who were private investors. As part of a plea deal, Galvan admitted to not using …

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Post date September 27, 2024

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