Stephen Sheppard — under investigation over allegations he sexually assaulted a student — had close ties to Alex Tannous, the target of an FBI fraud probe.
, whose clients include wealthy Mexican executives who live in San Antonio, said Tannous began recruiting investors in the North Side communities of Sonterra, Stone Oak and the Dominion. He drove around in a Mercedes S500 series car with a man Cabañas believed was his bodyguard.“He claimed to have a bank that was paying ridiculous interest rates,” said Cabañas, who witnessed Tannous’ sales pitches. “He also claimed he had an import/export company.
Tannous offered to help “make this dream a reality,” the doctor had recounted. They formed a partnership, with Avaline owning a 51 percent stake and OsteoCorps holding the rest.Tannous convinced Cyr to invest $233,000 to get the venture started. It was all the money Cyr and his wife had in their savings.
“He is a fraud who never upholds his word,” Azcue wrote in a letter attached to his $27,000 claim in Tannous’ personal bankruptcy case. Azcue, who said he invested with Tannous and his brother in 2019, described an Avaline subsidiary as a “fake company.” Tannous “has defrauded , and several other individuals, in the amount of several hundred thousand dollars, possibly closer to one million dollars, and he is facing lawsuits for some of those frauds,” Albanese said in her Aug. 15, 2018, divorce petition.
In February 2021, Sheppard filed a motion asking for court permission to represent Tannous in the case.
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