Texas ‘Frack Master’ bilked investors out of millions, SEC says

NEW YORK (Reuters) – Texas oilman Chris Faulkner built a high-profile public persona, raised millions for his oil and gas ventures and courted politicians. But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to fund a “debauched” jet-setting lifestyle.

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Read the original at Reuters: Business News.