North Texas victims that said Damon Mark Lewis, 35, used his job as a trusted financial advisor to steal millions from them spoke out for the first time Thursday.

Damon Lewis was arrested in 2002 and is serving a 25 year sentence for security fraud and misapplication of fiduciary property.

Five families claimed they lost their entire savings, which added up to $2.6 million in total.

Sam and Genelyn Ray invested for their golden years and their financial planner showed them their portfolio indicating they were in good shape.

"There was no inkling of any problems until right at the end, until right before the whole house of cards fell down," said Ray said.

But their dreams of retiring in a few years suddenly came crashing down.

"He had all the stocks listed there [and] what their values were," Ray said. "And of course they were gone. He had sold them all."

They said they trusted Lewis to help them make smart investments for three years. Then, he asked the couple to transfer most of their money to a new account with Bank of America securities.

"I called Bank of America securities because I thought I had an account there and they told me they had never heard of me," Ray said.

Lewis set up his own account with money that belonged to the Ray family and also four other families. He used their money to pay his rent, buy a boat and finance a wedding. The Ray family lost almost $900,000 and virtually all of their retirement savings.

Genelyn Ray said they were shocked when they first heard their money had been stolen. When the shock wore off, Sam Ray said he realized what their savings being stolen meant.

"Basically, I'm going to be working as long as I can, [which is] where as before," Ray said. "I intended to work for maybe a few more years and then completely stop. I don't see that in the cards right now."

While Lewis is serving a 25 year sentence in a Texas prison, the Ray family said their biggest disappointment is being deceived by a man they trusted with their life savings.

"I'm a pretty sophisticated guy, and this guy just takes me to the cleaners," Ray said.

The Rays will be talking about their story at Scam Jam Saturday at the Dallas Convention Center.

Local, state and federal law enforcement agencies will be there too offering tips on how to protect yourself from scams and fraud.

E-mail sstoler@wfaa.com