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Baylor Grad Pleads Guilty in Fraudulent Oil & Gas Overriding Royalty Scheme

Baylor Grad Pleads Guilty in Fraudulent Oil & Gas Overriding Royalty Scheme

Baylor Grad Pleads Guilty in Fraudulent Oil & Gas Overriding Royalty Scheme 150 150 Rex Securities Law

February 2, 2016- Sherman, Texas

News 12 KXII reports that Justin Spearman, a 27 year old graduate of Baylor University pleaded guilty before U.S. Magistrate Judge Christine A. Nowak  to wire fraud  in connection with an oil and gas scheme.

Spearman’s scheme involved filing fraudulent Assignments of Overriding Royalty Interests in Greeley Colorado and Cheyenne, Wyoming. Spearman faces up to 20 years in federal prison.

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.

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