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Receiver Gets Expanded Estate In SEC’s $80M Breitling Suit

Law360 (September 13, 2018, 7:54 PM EDT) -- A Texas federal judge on Wednesday largely granted a court-appointed receiver’s motion to expand the receivership estate to include more affiliate companies implicated in the U.S. Securities and Exchange Commission’s $80 million fraud suit against Breitling Energy Corp., its CEO and a host of affiliates and individuals.

U.S. District Judge Sidney A. Fitzwater said that defendant company Crude Energy LLC, despite having been integral to the alleged scheme by Breitling CEO Chris Faulkner and others to pilfer money from investors, no longer has any assets to...
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Case Information

Case Title

Securities and Exchange Commission v. Faulkner et al


Case Number

3:16-cv-01735

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Sidney A Fitzwater

Date Filed

June 24, 2016

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