January 27, 2017

JBH Consulting Group, LLC, Brian S. Hudnall

Offering Fraud

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.

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