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SEC Accuses Texas Oil Man Chris Faulkner Of Bilking Investors Out Of Millions

2016-06-27 04:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Huffington Post: Texas oilman Chris Faulkner built a high-profile public persona, raised millions for his oil and gas ventures and courted politicians. But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to fund a "debauched" jet-setting lifestyle. The U.S. Securities and Exchange Commission on Friday filed a lawsuit that alleges a stunning failure of corporate governance at Faulkner's Dallas-based Breitling Energy Corp and other companies he helped to create. Based upon...

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