'Frack Master' Pleads Guilty To Fraud, Reaches SEC Deal

Law360 (October 23, 2018, 8:41 PM EDT) -- A Texas oil and gas CEO and self-described “frack master” has pled guilty to duping investors out of more than $71 million and agreed to resolve a civil suit brought by the U.S. Securities and Exchange Commission by disgorging the roughly $23.8 million he kept for himself, U.S. Attorney Erin Nealy Cox said in a Tuesday statement.

Breitling Energy Corp. CEO Christopher A. Faulkner will serve 12 years in prison after pleading guilty to securities fraud, money laundering and tax evasion. Faulkner issued misleading offering materials to investors, misappropriated investor funds and avoided paying taxes on at least $4.5 million, the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Subscribers Only

Date Filed

June 24, 2016

Companies

Government Agencies