Oil Industry Vet Cheated Investors Out Of $17.6M, SEC Says

Law360, Los Angeles (July 1, 2013, 8:46 PM EDT) -- An oil and gas industry veteran used a fraudulent company to cheat unwitting investors out of $17.6 million, which he used to pay for his kids' private school tuition and buy gold coins, the U.S. Securities and Exchange Commission alleged Friday in a Texas federal complaint.

Bret L. Boteler, who has a history of federal securities violations, told novice energy exploration investors that the now-defunct EnerMax Inc. was an experienced exploration and drilling company, when in fact it was a sales office, the suit says. His...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Boteler

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


Terry R Means

Date Filed

June 28, 2013

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.