January 27, 2017
JBH Consulting Group, LLC, Brian S. Hudnall
SANCTION AMOUNT: $12,240,440.11
Defendants: JBH Consulting Group, LLC
Brian S. Hudnall
Defendants consented to judgment on charges that they raised over $14 million in at least 18 fraudulent oil-and-gas joint ventures, using offering documents that contained untrue and misleading statements. For example, the documents allegedly misrepresented who held title to the working interests of the ventures, overstated expected well costs, misrepresented the uses of offering proceeds, and failed to disclose preferential treatment given to certain investors.
- Key Docs
- Official SEC press release