Yoakum County named in fraud case - KCBD NewsChannel 11 Lubbock

6/16/10

Yoakum County named in fraud case

LUBBOCK, TX (KCBD) - In federal court Wednesday, a complaint was filed against a Florida man, Justin Soloman in a multi-million dollar scheme that involved oil and gas wells in Yoakum County.

The papers state that Soloman and his companies raised 25 million dollars from more than 400 non U.S. investors by promising ownership and interest in oil and gas wells in Texas, including Yoakum County.

According to the documents, investors were promised a quick return on their investment, as much as 10 to 15 thousand dollars every month. But the investors never got those payments.

 Now, the complaint is accusing the defendant of violating the Securities and Exchange Act.

Copyright 2010 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Budget office set to release report on House GOP health bill

    Budget office set to release report on House GOP health bill

    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:54 GMT
    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:54 GMT

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

  • UK investigates 'network' of alleged Manchester attackers

    UK investigates 'network' of alleged Manchester attackers

    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:46 GMT
    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:46 GMT

    The government Tuesday night raised the threat to "critical", its highest level, following an emergency Cabinet session.

    The government Tuesday night raised the threat to "critical", its highest level, following an emergency Cabinet session.

  • Playboy model pleads no contest for post of nude woman

    Playboy model pleads no contest for post of nude woman

    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:21 GMT
    Wednesday, May 24 2017 3:45 PM EDT2017-05-24 19:45:21 GMT

    A Playboy centerfold who snapped a photo of a naked 71-year-old woman in a gym locker room and posted it on social media with insults about the woman's body is expected to appear in court to resolve a criminal...

    A Playboy centerfold who snapped a photo of a naked 71-year-old woman in a gym locker room and posted it on social media with insults about the woman's body is expected to appear in court to resolve a criminal charge in Los Angeles.

Powered by Frankly