May 2016-Wichita, Kansas
The Department of Justice announced the indictment of David K. Larson, 70, of Hillsboro, Kansas, who is charged with one count of wire fraud for allegedly carrying out a $7.9 million oil and gas fraud scheme.
According to the announcement, Lawson owned and operated Sonstone Trading, LLC, a company that made a deal to sell 90 barrels a day of crude production to Parnon Gathering, Inc. Instead of delivering crude, Sonstone delivered raw gas oil, a product of substantially lesser value.
Lawson faces up to 20 years and a $250,000 fine if convicted.
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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