Texas Man Gets 10 Years For Oil Investment Scheme

Law360, New York (October 13, 2010, 5:21 PM EDT) -- A Texas man has been sentenced to 10 years in prison for his role in a scheme to mislead more than 300 investors into backing $13.5 million in oil and gas drilling projects that were “speculative at best,” federal prosecutors said Wednesday.

Judge Jane J. Boyle of the U.S. District Court for the Northern District of Texas also ordered Tommy Eugene Barber to pay $13.2 million in restitution, the U.S. Attorney's Office for the Northern District of Texas said.

Barber, 33, pled guilty in December 2009...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. T-Bar Resources LLC et al


Case Number

3:07-cv-01994

Court

Texas Northern

Nature of Suit

Securities/Commodities

Judge

Jane J Boyle

Date Filed

November 29, 2007

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.