{"id":6631,"date":"2018-10-24T14:45:54","date_gmt":"2018-10-24T19:45:54","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6631"},"modified":"2018-10-24T14:45:54","modified_gmt":"2018-10-24T19:45:54","slug":"texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/","title":{"rendered":"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M <a href=\"https:\/\/www.investorlawyers.com\">securities scam<\/a> that bilked hundreds of investors. Faulkner, who called himself the \u201cFrack Master\u201d and claimed to be an expert in hydraulic fracturing, is accused of setting up several companies and then selling interests in oil and gas prospects to investors in Texas and other US states.<\/p>\n<p><em><strong>The regulator contends that Faulkner:<\/strong><\/em><\/p>\n<ul>\n<li>\u201cSystematically deceived\u201d investors through offering materials that were \u201cfalse and misleading.\u201d<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/\"  title=\"Continue Reading Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M securities scam that bilked hundreds of investors. Faulkner, who called himself the \u201cFrack Master\u201d and claimed to be an expert in hydraulic fracturing, is accused of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4047,3795,3761,3741,3750,1],"tags":[3170],"class_list":["post-6631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-and-gas-claims","category-sec-settlements","category-securities-and-exchange-commis","category-securities-fraud","category-texas-securities-fraud","category-uncategorized","tag-breitling-energy-corporation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares &#8212; Investor Lawyers Blog &#8212; October 24, 2018<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M securities scam that bilked hundreds of investors.\" \/>\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\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares &#8212; Investor Lawyers Blog &#8212; October 24, 2018\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M securities scam that bilked hundreds of investors.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.24.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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":"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares &#8212; Investor Lawyers Blog &#8212; October 24, 2018","description":"The US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M securities scam that bilked hundreds of investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/","twitter_card":"summary_large_image","twitter_title":"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares &#8212; Investor Lawyers Blog &#8212; October 24, 2018","twitter_description":"The US Securities and Exchange Commission announced this week that Christopher Faulkner, a Texas businessman, will pay $23.8M to settle oil and gas charges involving an alleged over $80M securities scam that bilked hundreds of investors.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.24.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares","datePublished":"2018-10-24T19:45:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/"},"wordCount":452,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.24.18.jpeg","keywords":["Breitling Energy Corporation"],"articleSection":["Oil and Gas Claims","SEC Settlements","Securities and Exchange Commission","Securities Fraud","Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/","url":"https:\/\/www.investorlawyers.com\/blog\/texas-oil-and-gas-businessman-settles-80m-fraud-case-involving-breitling-energy-shares\/","name":"Texas Oil and Gas Businessman Settles $80M Fraud Case Involving Breitling Energy Shares &#8212; 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