The owner of a San Antonio investment firm once known for his extravagant lifestyle stood before a judge in shackles and a jail outfit Thursday, pleading guilty to fleecing customers out of more than $1.9 million. Jeremy McGilvrey, 32, served as CEO of Hill Country Wealth until the company went out of business in June.
Up to that point, he spent thousands at Las Vegas clubs and casinos, on expensive meals and on a fleet of cars ranging from a Porsche to a Bentley convertible, according to court documents.
The lifestyle was funded in part, investigators say, by taking advantage of at least seven clients — most of them elderly.
The besieged businessman now faces up to 30 years in prison on two first-degree felony charges involving misapplication of property.
He's expected to ask state District Judge Maria Teresa Herr for deferred adjudication probation during a sentencing hearing next month.
“All he's going to ask the judge for is a chance to pay it back,” said his attorney, Scott Hill. “He wants to make everybody whole. If he goes to jail, they're not going to get any money back.”
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