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...
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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

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