June 8, 2015-San Antonio, Texas
Primera Energy filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Texas. The filing came a day following an order entered appointing a receiver in a Texas State court proceeding by disgruntled investors against Brian Alfaro, Primera Energy and affiliates alleging fraudulent dealings in oil and gas prospects in the Barnett and Eagle Ford shale plays.
The investors claim in their suit that Alfaro fraudulently raised $40 million and used investor money to support an extravagant lifestyle that included what one of the lawyers for the investors calls a “Jay Leno-esque car collection” .
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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