Judgment in a Criminal Case, United States v. Nathan Reis, No. 4:24-cr-00287-O (N.D. Tex.), Doc. 390
Summary
A judgment in a criminal case against Nathan Reis, Case Number 4:24-CR-00287-O(01), in the U.S. District Court for the Northern District of Texas, Fort Worth Division, filed December 18, 2025 as Document 390 (5 pages), signed by Chief U.S. District Judge Reed O'Connor. Reis pleaded guilty on August 11, 2025 to Count One of the Superseding Indictment filed May 8, 2025, conspiracy to commit wire fraud under 18 U.S.C. § 1349 (18 U.S.C. § 1343), with the offense ending 05/31/2021. The judgment imposes 120 months of imprisonment, two years of supervised release, a $100.00 special assessment and restitution of $66,038,049.27, and dismisses the remaining counts as to him on the government's motion.
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“Judgment in a Criminal Case, United States v. Nathan Reis, No. 4:24-cr-00287-O (N.D. Tex.), Doc. 390.”
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Case 4:24-cr-00287-O Document 390 Filed 12/18/25 Page 1 of 5 PageID 10273
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
Fort Worth Division
UNITED STATES OF AMERICA JUDGMENT IN A CRIMINAL CASE
v. Case Number: 4:24-CR-00287-O(01)
U.S. Marshal’s No.: 47957-511
NATHAN REIS Matthew Robert Weybrecht, Assistant U.S. Attorney
Kevin Andrew Chambers, Attorney for the Defendant
On August 11, 2025 the defendant, NATHAN REIS, entered a plea of guilty as to Count One of the
Superseding Indictment filed on May 8, 2025. Accordingly, the defendant is adjudged guilty of such Count,
which involves the following offense:
Title & Section Nature of Offense Offense Ended Count
18 U.S.C. § 1349 (18 U.S.C. § 1343) Conspiracy to Commit Wire Fraud 05/31/2021 One
The defendant is sentenced as provided in pages 2 through 5 of this judgment. The sentence is imposed
pursuant to Title 18, United States Code § 3553(a), taking the guidelines issued by the United States Sentencing
Commission pursuant to Title 28, United States Code § 994(a)(1), as advisory only.
The defendant shall pay immediately a special assessment of $100.00 as to Count One of the Superseding
Indictment filed on May 8, 2025.
Upon motion of the government, all remaining counts are dismissed, as to this defendant only.
The defendant shall notify the United States Attorney for this district within thirty days of any change of
name, residence, or mailing address until all fines, restitution, costs, and special assessments imposed by this
judgment are fully paid.
Sentence imposed December 18, 2025.
____________________________________________
REED O’CONNOR
CHIEF U.S. DISTRICT JUDGE
Signed December 18, 2025.
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Case 4:24-cr-00287-O Document 390 Filed 12/18/25 Page 2 of 5 PageID 10274
Judgment in a Criminal Case Page 2 of 5
Defendant: NATHAN REIS
Case Number: 4:24-CR-00287-O(1)
IMPRISONMENT
The defendant, NATHAN REIS, is hereby committed to the custody of the Federal Bureau of Prisons
(BOP) to be imprisoned for a term of ONE HUNDRED TWENTY (120) MONTHS as to Count One of the
Superseding Indictment filed on May 8, 2025.
The Court makes a non-binding recommendation to the BOP that Defendant, if appropriately classified,
be allowed to serve his term of imprisonment at FCI Bastrop.
The Defendant is ordered to voluntarily surrender to the designated BOP facility before 2:00 pm on
Tuesday, January 20, 2026.
SUPERVISED RELEASE
Upon release from imprisonment, the defendant shall be placed on supervised release for a term of TWO
(2) YEARS as to Count One of the Superseding Indictment filed on May 8, 2025.
As part of your supervised release, you must comply with the following standard conditions of
supervision. These conditions are imposed because they establish the basic expectations for your behavior while
on supervision and identify the minimum tools needed by probation officers to keep informed, report to the court
about, and bring about improvements in your conduct and condition.
( 1) You must report to the probation office in the federal judicial district where you are authorized to
reside within 72 hours of your release from imprisonment, unless the probation officer instructs
you to report to a different probation office or within a different time frame.
( 2) After initially reporting to the probation office, you will receive instructions from the court or the
probation officer about how and when you must report to the probation officer, and you must report
to the probation officer as instructed.
( 3) You must not knowingly leave the federal judicial district where you are authorized to reside
without first getting permission from the court or the probation officer.
( 4) You must answer truthfully the questions asked by your probation officer.
( 5) You must live at a place approved by the probation officer. If you plan to change where you live
or anything about your living arrangements (such as the people you live with), you must notify the
probation officer at least 10 days before the change. If notifying the probation officer in advance
is not possible due to unanticipated circumstances, you must notify the probation officer within 72
hours of becoming aware of a change or expected change.
( 6) You must allow the probation officer to visit you at any time at your home or elsewhere, and you
must permit the probation officer to take any items prohibited by the conditions of your supervision
that he or she observes in plain view.
( 7) You must work full time (at least 30 hours per week) at a lawful type of employment, unless the
probation officer excuses you from doing so. If you do not have full-time employment you must
try to find full-time employment, unless the probation officer excuses you from doing so. If you
plan to change where you work or anything about your work (such as your position or your job
responsibilities), you must notify the probation officer at least 10 days before the change. If
notifying the probation officer at least 10 days in advance is not possible due to unanticipated
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Case 4:24-cr-00287-O Document 390 Filed 12/18/25 Page 3 of 5 PageID 10275
Judgment in a Criminal Case Page 3 of 5
Defendant: NATHAN REIS
Case Number: 4:24-CR-00287-O(1)
circumstances, you must notify the probation officer within 72 hours of becoming aware of a
change or expected change.
( 8) You must not communicate or interact with someone you know is engaged in criminal activity. If
you know someone has been convicted of a felony, you must not knowingly communicate or
interact with that person without first getting the permission of the probation officer.
( 9) If you are arrested or questioned by a law enforcement officer, you must notify the probation
officer within 72 hours.
(10) You must not own, possess, or have access to a firearm, ammunition, destructive device, or
dangerous weapon (i.e., anything that was designed, or was modified for, the specific purpose of
causing bodily injury or death to another person such as nunchakus or tasers).
(11) You must not act or make any agreement with a law enforcement agency to act as a confidential
human source or informant without first getting the permission of the court.
(12) If the probation officer determines that you pose a risk to another person (including an
organization), the probation officer may require you to notify the person about the risk and you
must comply with that instruction. The probation officer may contact the person and confirm that
you have notified the person about the risk.
(13) You must follow the instructions of the probation officer related to the conditions of supervision.
In addition the defendant shall:
not commit another federal, state, or local crime;
not illegally possess controlled substances;
cooperate in the collection of DNA as directed by the probation officer;
not possess a firearm, ammunition, destructive device, or any dangerous weapon;
refrain from any unlawful use of a controlled substance. You must submit to one drug test within 15
days of release from imprisonment and at least two periodic drug tests thereafter, as determined by the
court;
make restitution in accordance with 18 U.S.C. §§ 2248, 2259, 2264, 2327, 3663, 3663A, and 3664;
pay the assessment imposed in accordance with 18 U.S.C. § 3013;
not be employed by, affiliated with, own or control, or otherwise participate, directly or indirectly, in the
business of submitting bank loans without the probation officer's approval;
not incur new credit charges, or open additional lines of credit without the approval of the probation
officer;
provide to the probation officer complete access to all business and personal financial information; and,
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Case 4:24-cr-00287-O Document 390 Filed 12/18/25 Page 4 of 5 PageID 10276
Judgment in a Criminal Case Page 4 of 5
Defendant: NATHAN REIS
Case Number: 4:24-CR-00287-O(1)
take notice that if, upon commencement of the term of supervised release, any part of the
$66,038,049.27 restitution ordered by this judgment remains unpaid, the defendant shall make payments
on such unpaid balance in monthly installments of not less than 10 percent of the defendant's gross
monthly income, or at a rate of not less than $1,000 per month, whichever is greater. Payment shall
begin no later than 60 days after the defendant's release from confinement and shall continue each month
thereafter until the balance is paid in full. Any unpaid balance of the restitution ordered by this judgment
shall be paid in full 60 days prior to the termination of the term of supervised release. In addition, at
least 50 percent of the receipts received from gifts, tax returns, inheritances, bonuses, lawsuit awards,
and any other receipt of money shall be paid toward the unpaid balance within 15 days of receipt. This
payment plan shall not affect the ability of the United States to immediately collect payment in full
through garnishment, the Treasury Offset Program, the Inmate Financial Responsibility Program, the
Federal Debt Collection Procedures Act of 1990 or any other means available under federal or state law.
Furthermore, it is ordered that interest on the unpaid balance is waived pursuant to 18 U.S.C. §
3612(f)(3).
FINE/RESTITUTION
The Court does not order a fine or costs of incarceration because the defendant does not have the financial
resources or future earning capacity to pay a fine or costs of incarceration in addition to restitution.
The Court further orders that defendant shall make restitution in the amount of $66,038,049.27. Of that,
$63,952,063.64 shall be paid jointly and severally with codefendant Stephanie Hockridge (02) and
coconspirator James Flores, Case No. 4:24-CR-306-Y, as well as defendants Eric Karnezis, Case No.
3:23-CR-067-IM(01) and Anthony Karnezis, Case No. 3:25-CR-0052-IM(01), both pending in the District
of Oregon.
Restitution is payable immediately, but non-payment will not be a violation of defendant's conditions of
supervised release so long as defendant pays as provided in defendant's conditions of supervised release.
All restitution payments shall be made by defendant to the Clerk of the U.S. District Court, 501 West 10th
Street, Room 310, Fort Worth, TX 76102, for disbursement to the following:
Small Business Administration
$66,038,049.27.
The Court further orders that the defendant shall pay $2,500,000.00 toward restitution within 14 days of
entry of the judgment. The Court orders that the defendant shall take the requisite action to commence
and maintain a listing agreement on the following real property: (1) 7000 Bahia Beach No. 3301, Rio
Grande, Puerto Rico; and (2) 7000 Bahia Beach No. 5501, Rio Grande, Puerto Rico. Defendant shall sell
these properties and apply the proceeds to the restitution imposed as part of this criminal sentence.
Defendant shall immediately notify the United States Attorney’s Office in writing of any and all offers
made on either property, and shall not enter into any earnest money contracts, contracts for sale, or other
agreements to sell either property without the written consent of the United States Attorney’s Office. If
and when a sale has been arranged for either of these properties, defendant must notify the United States
Attorney’s Office to monitor and approve the sale, and ultimately to ensure that all sales proceeds are
applied to satisfy defendant’s outstanding restitution.
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Case 4:24-cr-00287-O Document 390 Filed 12/18/25 Page 5 of 5 PageID 10277
Judgment in a Criminal Case Page 5 of 5
Defendant: NATHAN REIS
Case Number: 4:24-CR-00287-O(1)
The Court orders that restitution shall be due and payable immediately and is payable during
imprisonment. At least 50 percent of the receipts received from gifts, tax returns, inheritances, bonuses,
lawsuit awards, and any other receipt of money shall be paid toward the unpaid balance within 15 days of
receipt.
RETURN
I have executed this judgment as follows:
Defendant delivered on _____________________ to ___________________________________
at ________________________________________________, with a certified copy of this judgment.
United States Marshal
BY
Deputy Marshal
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