Former Houston Livestock Show and Rodeo VP Michael Wayne Galvan convicted of wire fraud, defrauding investors $2.8M for his construction business.
Michael Wayne Galvan, former vice president of the Houston Livestock Show and Rodeo, has been convicted of wire fraud for defrauding investors out of $2.8 million. Using his position, he misled investors to secure loans for his construction business, MGB Builders, under false pretenses. Galvan faces up to 20 years in prison, a potential $250,000 fine, and must repay his victims. Sentencing is set for December. The rodeo organization has distanced itself from him.
September 26, 2024
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