PRT consulting LLC d/b/a Petroleum Resources of Texas Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission announced today that it filed charges against securities fraud recidivist and radio show host Mark Plummer, Mike Barrera, and five other individuals and entities, for allegedly conducting an oil and gas offering fraud and operating as unregistered broker-dealers.
The SEC’s complaint alleges that Plummer and his company, Richmond Engineering, Inc., began this fraud while under investigation by the SEC for a different alleged fraudulent scheme, for which the SEC charged him in June 2019. As alleged, to hide his involvement in the new scheme, Plummer partnered with one of his former salesman, Mike Barrera. The complaint alleges that Plummer used his radio show to solicit investors interested in oil and gas investment opportunities to Barrera’s company, Petroleum Resources of Texas. The complaint further alleges that Barrera misled investors about his and Petroleum Resources’ experience in the oil and gas industry, hid Plummer’s role in the ventures, and then misappropriated investor funds to pay for shopping sprees, post his criminal bail, divert money to Plummer, and make Ponzi payments to investors. According to the complaint, Barrera and Petroleum Resources raised over $7 million from more than 70 investors. The complaint also alleges that Barrera, Todd Prince, recidivist George Rauch, and Todd Breitling solicited and sold securities without being registered as brokers.
Investors in PRT Consulting LLC d/b/a Petroleum Resources of Texas May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in PRT Consulting LLC d/b/a Petroleum Resources of Texas, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in PRT Consulting LLC d/b/a Petroleum Resources of Texas and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.