{"id":4281,"date":"2017-04-13T13:46:07","date_gmt":"2017-04-13T18:46:07","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4281"},"modified":"2017-04-13T13:46:07","modified_gmt":"2017-04-13T18:46:07","slug":"austin-oil-gas-financiers-plead-guilty-texas-based-securities-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/austin-oil-gas-financiers-plead-guilty-texas-based-securities-fraud-case\/","title":{"rendered":"Austin Oil and Gas Financiers Plead Guilty in Texas-Based Securities Fraud Case"},"content":{"rendered":"

\t\t\t\tBusiness partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam<\/a>. The oil and gas financiers used the funds raised for energy ventures to cover their own expenses from 1\/2010 to 12\/2013. <\/p>\n

The US Securities and Exchange Commission filed a securities fraud lawsuit against Kaelin, Helms, and their companies Iron Rock Royalty Partners LP and Vendetta Royalty Partners LTD in 2013. According to the regulato, they misled investors about their professional experience, meantime raising almost $18M that were supposed to go toward royalty interests in oil and gas. <\/p>\n

Included among the alleged purchases they made: using investors\u2019 money to pay for a 3 1\/2-week trip around the world and paying for the more than $247K wedding of Kaelin\u2019s daughter in Hawaii. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam. The oil and gas financiers used the funds raised for energy ventures to cover their own expenses from 1\/2010 to 12\/2013. The US Securities and Exchange Commission filed a securities fraud lawsuit […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4047,3792,3750],"tags":[],"class_list":["post-4281","post","type-post","status-publish","format-standard","hentry","category-oil-and-gas-claims","category-ponzi-scams","category-texas-securities-fraud"],"yoast_head":"\nAustin Oil and Gas Financiers Plead Guilty in Texas-Based Securities Fraud Case — Investor Lawyers Blog — April 13, 2017<\/title>\n<meta name=\"description\" content=\"Business partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam. The oil and — April 13, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/austin-oil-gas-financiers-plead-guilty-texas-based-securities-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Austin Oil and Gas Financiers Plead Guilty in Texas-Based Securities Fraud Case — Investor Lawyers Blog — April 13, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Business partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam. The oil and — April 13, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Austin Oil and Gas Financiers Plead Guilty in Texas-Based Securities Fraud Case — Investor Lawyers Blog — April 13, 2017","description":"Business partners Janniece Kaelin and Robert Allen Helms have pleaded guilty to bilking investors of up to $20M in a Texas-based Ponzi scam. 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