Alleged Ponzi Schemer Says SEC Is Fishing For Docs

Law360, New York (March 11, 2011, 6:05 PM EST) -- A Texas man accused of being part of a $485 million oil and gas Ponzi scheme said Friday that the U.S. Securities and Exchange Commission should face sanctions for forcing his attorneys to “fish” through thousands of documents.

Brendan W. Coughlin, one of three managing partners of Provident Royalties LLC, asked a judge in the U.S. District Court for the Northern District of Texas to compel the SEC to fully comply with the 264 requests for production he has made since November.

If they fail to...
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