April 2017-Frisco, Texas
A Texas State Securities Board (TSSB) news release reports that Mark Christopher Parman has been sentenced to six years in state prison after pleading guilty to securities fraud for selling phony investements in oil and gas drilling projects in Grayson and Brazoria counties in Texas and Jefferson Davis parish in Louisiana. He raised $850,000 promising investors the money would be used on the drilling deals.
Instead he used funds to pay for personal expenses.
Parman had a number of prior investment related legal troubles dating back to 2003 which he failed to disclose to investors. Regulators had ordered him to pay $2 million in restitution on these prior deals and his securities license had been revoked in 2003.
See the TSSB news release for details.
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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