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Former Winter Park. FL, Man Arrested on Oil & Gas Fraud Charges in Texas

Former Winter Park. FL, Man Arrested on Oil & Gas Fraud Charges in Texas 150 150 Rex Securities Law

July 10, 2015

The Dallas Morning News reports that Justin Spearman, 27, of Winter Park, Florida, has been charged in the Eastern District of Texas with wire fraud in connection with an oil & gas Ponzi scheme.

Spearman, a graduate of Baylor University, told potential investors that he was a petroleum landman/broker operating at Justin T. Spearman Petroleum Land Services in Midland, Texas, but a potential investor contacted the FBI and tipped them off.

Spearman, who lived in a 7,000 square foot mansion in Winter Park, FL, faces a $1.7 million judgement in Orange County FL , in a civil fraud case brought by a Florida victim. According to press reports, Spearman left central Florida after lawsuits were filed and then tried to reinvent himself in Palm Beach, North Carolina and then Texas.

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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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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