New Braunfels Herald Zeitung (Newspaper) - May 13, 2011, New Braunfels, Texas
■ PREP SPORTS. 6Cougarettes roll in playoff, advance
■ WEEKEND. 14Johnny Lee readies Freiheit benefit gig
■ LOCAL NEWS. 2
Parker: What's the holdup on bus system?
FRIDAY, MAY 13, 2011
Serving New Braunfels and Comal County since 1852.Zeitung
From staff reports
AUSTIN — The court-appointed receiver in control of Retirement Value LIC, a New Braunfels life-settle-ment investment company shut down after an investigation by state regulators, will recommend investors
in the company receive $7.7 million in initial payments later this year, according to a news release issued late Thursday by the Texas State Securities Board.
The distribution would constitute 10 percent of the total amount of claims that 900 investor-victims have
investors to get checks
made against Retirement Value, the board said.
In a new status report, Dallas attorney Eduardo S. Espinosa, the receiver in control of Retirement Value, said that after the initial distribution, "We anticipate making further distributions in the future.”
The frequency and amount of future distributions are uncertain at this time, according to Espinosa.
TVavis County state District ludge Stephen Yelenosky shut down Retirement Value LLC in May 2010 at the request of the state Securities Board and Texas Attorney General s Office.
I he state accused the company of securities fraud and deceptive practices in the sale of life-settlement investments.
The company’s investments were based on the proceeds from the
See INVESTORS, Page 5
NEW BRAUNFELS GETS 1.07 INCHES; NO FLOODING
RAIN AT LAST
Storm brings pea-sized hail, scattered power outages
By Will Wright
1 he skies finally opened Thursday in New Braunfels, as a line of thunderstorms moved through the area delivering more than an inch of rain, with strong winds, lightning and pea-sized hail.
The storms developed overnight in Mexico and moved into South Central Texas just before 10 a.m., dumping several inches of rain in a line that straddled Interstate 35, stretching south to Laredo to north of Waco.
As of 12:30 p.m., the National Weather Service officially reported 1.07 inches of rain at New Braunfels Municipal Airport, where a wind gust of 40 miles an hour was reported at 10:45 a.m. Unofficial rain totals varied throughout Comal County, which saw up to three inches in the Canyon Lake area.
Locally, there were few reports of damage. NBU communications director Gretchen Reuwer said lightning strikes caused only a few power outages, which were quickly restored.
See RAIN, Page 5
Officials put game faces on to deal with storm
By Dalondo Moultrie
Thursday morning's storms gave local emergency personnel a chance to test their preparedness in the event of much harsher weather or a major flood.
No one in the area reportedly was hurt because of the heavy rain, hail, lightning and thunder, but several officials said they were on alert.
Using a Web-based emergency operating center, emergency administrators watched online what was happening, what resources were needed and where those resources should be directed, New Braunfels Police Chief Thomas Wibert said.
See REACTION, Page 5
Anne Puls stays dry under her umbrella while wDking Thursday morn^tl^rili^n^B^"9
‘I did a little dance in the rain’
A motorist kicks up some water while driving throuqh a deep puddle in Landa Park on Thursday.
By Greg Bowen
Karl Kaul probably wasn’t the only one in New Braunfels to do a little dance in the rain that fell on Thursday, bringing respite, finally, from the long dry spell.
Kaul, a rancher from La Vernia, said he’d been watching the TV weather forecast Wednesday night and hadn’t liked what he’d heard when the weatherman said the storm system moving through might be the last chance for wet stuff in the immediate future.
See DANCE, Page 5
► WALMART STABBING
Villarreal gets life in prison
Confessed Mexican Mafia member a repeat offender
By Dalondo Moultrie
As a God-fearing woman, lanabe Cole of New Braunfels has forgiven the man who stabbed her several times in the chest as she read her Bible last year in a Walmart parking lot, because that’s what her God commands her to do.
Cole said, however, that she also awaits the time when God delivers the final judgment on her attacker.
“I pray daily that you find God,” Cole said Thursday afternoon in a sparsely populated courtroom. "And, if it is God’s will, I pray your life is short.” Cole was speaking directly to Juan Leandro Villarreal, 47, of New Braunfels, moments before District Court Judge Jack Robison sentenced Villarreal to life in prison.
On April 18, Villarreal, 47, pleaded guilty to the aggravated robbery of Cole on July 25, 2010. Villarreal also pleaded true to two enhancement paragraphs alleging two prior felony convictions that made him eligible for the life sentence.
Villarreal, who ran away from police and was later found hiding in the woods in Landa Park, was arrested and taken to Comal County Jail, where he’s been held ever since under $100,000 bond.
During Thursday’s hearing, a forensic psychiatrist testified that Villarreal admitted being a member of the Mexican Mafia to him.
The Texas Department of Public Safety lists Villarreal as a convicted sex offender.
See LIFE, Page 5
Vol. 158, No. 157 14 pages, 1 section
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