Oil Securities Managers Face $13M SEC Fraud Suit

Law360, New York (September 14, 2011, 7:01 PM EDT) -- The U.S. Securities and Exchange Commission on Tuesday accused three money managers at four closely linked Dallas-based oil and gas development companies of siphoning $13 million into the accounts of a secret partner firm.

Between March 2008 and March 2009, the managers — Martin Cutler, James O’Reilly and James P. McAluney — set up oil and gas companies Shale Synergy LLC and Shale Synergy II LLC with the purported business of acquiring real estate and oil and gas leases and soliciting investors for related projects, raising...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Cutler et al


Case Number

4:11-cv-00592

Court

Texas Eastern

Nature of Suit

Securities/Commodities

Judge

Richard A. Schell

Date Filed

September 13, 2011

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.