Oil and Gas Fraud Lawyer Blog

Blog Authors

Latest from Oil and Gas Fraud Lawyer Blog

Multi-Million Dollar Investment Fraud Scheme Why would 300 people invest $9.5 million over a five-year period in a company that sells water that is similar in color to oil? EarthWater, a Dallas (Addison) based operation had a great name, good story, and targeted elderly investors with promises of fast, high-yield returns. Health and Wellness Product “EarthWater manufactured and sold bottled water that it claimed was infused with special minerals mined from an 80-million-year-old deposit hidden…
Five Months, Twelve Investors and $3.6 Million Separating the good oil and gas investment opportunities from the bad has never been more difficult. The scams look more realistic than ever and the schemes are endless. Recently Phillip Hudnall and Todd Esh with BirdDog Business Group, Kansas Oil Reserves, LLC, et al presented such a good scheme, they not only bilked 12 investors in five months out of $3.6 million, but they also convinced a bank…
Five Months, Twelve Investors and $3.6 Million Separating the good oil and gas investment opportunities from the bad has never been more difficult. The scams look more realistic than ever and the schemes are endless. Recently Phillip Hudnall and Todd Esh with BirdDog Business Group, Kansas Oil Reserves, LLC, et al presented such a good scheme, they not only bilked 12 investors in five months out of $3.6 million, but they also convinced a bank…
Good News! Justice Has Been Served. Last year we wrote about radio’s “Money Doc” Gallagher swindling $30 million from elderly investors.  Alexander Blog Post 2019. One year later, Gallaher reached a plea deal with Dallas prosecutors for a 25-year prison term. He pled guilty to one count of money laundering for $300,000, one count of theft for $300,000 and one count of securities fraud for $100,000. He has also agreed to pay over $10…
Covid19 isn’t the only problem seniors face. Investment fraud targeting our aging population has become so common, that the Justice Department launched its largest elder fraud sweep campaign last year. Who was on the list of bad guys? A spiritual leader to Presidents Barack Obama and George W. Bush. Dastardly Duo: A Pastor and a Financial Advisor The Justice Department recently uncovered a $3.5 million investment scheme in Louisiana and Texas. Senior Pastor Kirbyjon Caldwell…
Crime pays, even when you are sitting in jail. Just ask Robert Joseph Mangiafico, Jr. He’s no Robert the Magnificent, but he knows how to make your money disappear in oil and gas investments. Mangiafico and his team at Premier Resources, as recently as November, were cold-calling Texas residents to offer investments in 61 oil wells in McClain County, Oklahoma. At $50/barrel investors were told they could to earn a 29% return on this project…
Galveston, Texas has been home to explorer, Jean Lafitte, football star Dez Bryant, R&B legend, Barry White and convicted oil and gas fraudster, Daniel Christopher Walsh. Haven’t heard of Mr. Walsh? Heads up—just another criminal masquerading as an oil and gas investment expert. Fraudulent oil and gas investment schemes may not be as common as football in the fall, but you don’t need to search long before uncovering an “investment opportunity” to get rich by…
Sitting in prison at 80 years of age, James VanBlaricum spent his life scamming oil and gas investors. In 1975 the SEC sued VanBlaricum and his company, Kimberly Oil and Gas, for fraud. VanBlaricum settled, and was enjoined from the securities business. By 2011, more than 10 years after he formed Signal Oil and Gas, the Illinois Security Department issued a cease and desist order for oil and gas investor fraud. Third Time is Still…
Man Accused of Swindling Oil Investors Pleads Guilty Wednesday Morning in Wichita County Court Original Article by Trish Choate, Wichita Falls Times Record News Published 11:51 a.m. CT July 10, 2019 | Updated 4:30 p.m. CT July 10, 2019 A man accused of bilking investors who thought they were funding oil wells entered a guilty plea Wednesday morning, halting his trial at the Wichita County Courthouse, officials said. Daniel Christopher Walsh, who is accused of swindling oil…
Guaranteed investment returns of 227% to 363% over six years. Sounds too good to be true, right? Not so fast. What if the oil and gas investment includes a guaranteed monthly stream of income for six years regardless of oil prices? Well, investors in 28 states took a piece of the action. During two years ending in 2016, 70 retail investors gave William J.Milles, Jr. and Donald J. Lutzko almost $4 million to invest in…