A recent decision by the Third Court of Appeals reduces the amount of jail time that an Austin attorney faces for convictions on charges stemming from allegations that he hid from the Pedernales Electric Cooperative board payments to outside consultants made with PEC funds.
On Nov. 21, Austin’s Third Court reversed and vacated Walter Demond’s conviction for theft by deception but upheld his convictions for misapplication of fiduciary property and money laundering. According to the Third Court’s opinion in Demond v. State, the Kendall County jury for Demond’s 2011 trial assessed punishment at 10 years’ imprisonment for each offense but recommended that the sentences be suspended and that he be placed on probation. The trial court ordered Demond to serve 500 days in jail as a condition of probation.
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