This one was run by Alan Todd May, a convicted felon 14 times over. In 2007 he started an oil and gas company called Prosper Oil & Gas. He raised $6 million from 99 investors. Dallas attorney Kelly Crawford has been appointed Receiver.
The message boards and comments are extensive on this one. There are allegations of probation officers being complicit in the scheme; a disbarred lawyer serving as “corporate counsel”; and lavish parties.
Well now the music has stopped and it’s time to start turning over the rocks these folks crawled out from under.