A Grand Jury indicted William Ray Vance Jr. alleging that he took money from the estate of his grandmother, Florene K. Grace in a two-year scheme. The indictment does not detail how much money he allegedly took or how he used it. Court documents do indicate that he was in a legal dispute with his mother for years and she had filed suit against him in 2009, saying that she owned 66% of a radio station that he operated in Nacogdoches. She claims that her son did not notify her of a $725,000 agreement for the radio station. Furthermore, she claims that he was improperly named the executor of his grandmother’s will. Vance now faces a felony charge of misapplication of fiduciary property of an amount between $20,000 and $100,000. His punishment could range between two and ten years in prison and a $10,000 fine.
See Son of Former County Judge Allegedly Abused Grandmother’s Estate, Estate of Denial, May 24, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
