October 25, 2016

Southlake Resources Group, LLC, Cody M. Winters, Nicholas R. Hamilton

Offering Fraud


Defendants: Southlake Resources Group, LLC
Cody M. Winters, Nicholas R. Hamilton

Settlement with Texas company and its President and Vice President for alleged oil and gas fraud raising approximately $5.2 million in sales of interests in 12 joint ventures to more than 70 investors over approximately four years. Offering documents allegedly misrepresented the use of investment proceeds, contained unsubstantiated projections, and overstated expected costs. Other alleged fraudulent conduct included undisclosed profit taking and discounts to certain investors.

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