I am just about to cash in a large chunk of stock I got for being on a company's letterhead for four years.
They had a scheme that they were looking to do, they needed to line up investors. My name showed the investors that they had the necessary experience and knowledge on tap if they required it.
Once they were funded the actual work was done by the guy i told them to get to do the actual work, which was the plan all along.
The problem here seems to have been fraud. And you could sue for that in Texas or any other state where the laws are written to help employers exploit low paid positions.
Its like the GOP rep who just went to congress and is upset that his health insurance does not start on day one after spending a year campaigning against public healthcare. Those rules are only for the little people like you. He wants his government healthcare but if you get sick you are going to die and the miserable bastard wont care. He is also going to make sure he gets his government pension even as he plots to spend your social security pension fund giving tax breaks to wall street bankers (who else earns a million a year). This guy is not the type of employee the laws are meant to allow to be treated this way.