Austin Beverage CEO Faces Fraud Charges Over Investor Losses

Todd O'Gara, founder of Austin-based Wanu Water, Inc., has been charged with wire fraud for allegedly defrauding investors of at least $3.4 million by lying about his credentials and the company's financial status. The U.S. Attorney highlighted a rise in such fraud cases, urging investors to conduct thorough due diligence. O'Gara denies the charges, which could result in a 20-year prison sentence and a $250,000 fine if convicted.