Convicted contract killer Walter Waldhauser Jr., who changed his name to Michael Lee Davis, is in the Dallas County Jail after surrendering to authorities last week following a recent series of Houston Press articles on questionable dealings of his Dallas viatical company.
Waldhauser/Davis, 45, and 32 other people were indicted in June on charges of money laundering and insurance fraud involving an estimated $15 million in policies. He had eluded authorities since his indictments.
Waldhauser/Davis received a 30-year prison term on his 1981 conviction for arranging four Houston murders-for-hire in the late 1970s. He served less than ten years of that sentence before being paroled.