Oil Company Liable For Fraud In Fracking Investment Scheme, Bankruptcy Judge Says

Mealey's (January 12, 2018, 9:52 AM EST) -- SAN ANTONIO — A federal bankruptcy judge in Texas on Dec. 29 ruled that an energy company and its affiliates that solicited investments in hydraulic fracturing ventures were liable for fraud, but determined that specific Texas securities laws were not broken (In re:  Primera Energy LLC [Frederick Patek, et al. v. Brian K. Alfaro, et al.], No. 15-51396, Adv. No. 15-5047, W.D. Texas Bkcy., 2017 Bankr. LEXIS 4439)....

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