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USA v. Rand et al
Case Number:
3:09-cr-00120
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September 15, 2011
Aspen Exec Must Pay $100M, Serve 7 1/2 Years For Fraud
A Texas federal judge on Wednesday sentenced Aspen Exploration Inc. director Mark Albert Rand to nearly seven and a half years in prison and ordered him to pay almost $100 million in restitution for his role in a $56 million scam to solicit investments in fake oil well projects.
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September 08, 2011
Ex-Aspen Exec Gets 6 Years For $56M Fraud
A former vice president and salesman for Texas oil and gas company Aspen Exploration Inc. who copped to participating in a securities scam was sentenced Wednesday to six years in prison and ordered to pay $16 million in restitution.
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August 25, 2011
Ex-Aspen Oilman's Swag Goes To Victims Of $56M Fraud
A Texas federal judge on Tuesday ordered the sale of prison-bound fraudster Mark Albert Rand's prized possessions, including a vintage Ferrari, a Picasso drawing and diamond jewelry, to help repay victims of a $56 million securities scam at his family's oil business.
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August 23, 2011
US Seeks To Sell Aspen Officer Mark Rand's Assets
The U.S. sought Texas federal court approval Tuesday to sell a Ferrari, a Picasso drawing and other items owned by Mark Albert Rand, who copped to taking part in an allegedly $56 million investment fraud carried out at his family's oil business.
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July 27, 2011
Aspen Owners Get Prison Time In $56M Fraud Suit
The patriarch and two sons of the family that controls oil and gas company Aspen Exploration Inc. received prison sentences Wednesday in Texas federal court for allegedly defrauding investors of $56 million.