Hays County Ponzi Scheme Arrest

The Hays County Sheriff’s Office with the assistance of the United States Secret Service and the Texas State Securities Board arrested Robbie Dale Walker for “Theft Over 200k Dollars” yesterday which is a First Degree Felony that carries a punishment range of 5-99 years and a fine of up to $10,000.  He was released from the Hays County Jail after posting a $10,000 bond. The investigation began in early April 2011 after Walker met with the 93 year old victim.  The victim was approached by Robbie Walker for an investment with RD Walker Resources, Inc., a firm he identified as a gas and oil exploration company.   The victim had known Walker for some time and trusted him.  There was ultimately no return on the investment and Mr. Walker continued to request additional funds from the victim to assist in “development” and a return on her investment.  Details from the investigation led detectives to believe this was a “ponzi scheme”.   The possibility exists that there are other victims involved in this scam through Robbie Walker or his “Investment Company”, RD Walker Resources, Inc. who have not yet been identified.  Walker targeted the elderly for investments and it appears that he had no intention of paying a return to his investors.   Detectives believe there may be additional victims from the Hays County, Austin and Houston areas.  If you believe you have been a victim in the manner described, please contact Hays County Sheriff’s Office at 512-393-7896 to file a report. For questions related to this press release or further inquiries, you may contact Lt Dennis Gutierrez via the media pager (512) 395-2177 or via email at dg1203@co.hays.tx.us.