November 2016-Dallas, Texas
Susan Gay Pruitt, 45, pleaded guilty to money laundering and theft of more than $200,000 and was sentenced to 22 years for selling phony oil and gas deals through her company Ember Development Solutions, LLC.
According to the Texas State Securities Board (TSSB), to gain credibility, Pruitt concocted an elaborate phony background telling victims she owned a valuable real estate portfolio and had inherited her father’s oil and gas business. She claimed to be investing in oil and gas deals in Grayson County in North Texas as well as in Oklahoma, Arkansas and Alabama.
Victims included elderly retirees and one victim who spent money from a child’s college fund.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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