SEC Accuses Halek, CBO Of $22M Oil Scheme

Law360, New York (September 1, 2010, 10:55 AM EDT) -- The U.S. Securities and Exchange Commission has accused Halek Energy LLC and CBO Energy Inc. of bilking investors out of $22 million through an unregistered securities offering of stakes in several Texas oil and gas projects.

The regulator lodged a complaint against the energy companies Tuesday in the U.S. District Court for the Northern District of Texas. Jason Halek, who owns Halek, and Christopher Chad Wilbourn, a sales representative at CBO, are also named in the complaint.

The SEC accuses the defendants of defrauding around 300...
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