SEC
Whistleblower
Attorneys

June 19, 2018

Jefferey Gordon, Texas Coastal Energy Company, LLC

Offering Fraud

SANCTION AMOUNT: $7200000

Defendants: Texas Coastal Energy Company, LLC
Jefferey Gordon

Defendants settled charges that they misappropriated for their own use more than $2.6 million out of over $8 million investor funds raised. Potential investors were cold-called and pitched opportunities to finance the drilling and completion of oil-and-gas prospects in Kansas and Texas in exchange for a share of future oil-and-gas production revenue. However, according to the complaint, Defendants' pitches and offering materials were false and misleading.

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