Texas oil company knew correct thing to do with $12MM of investor money.

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“Lewis personally misappropriated at least $1.3 million of investor funds in addition to receiving a weekly salary of $2,500,” the SEC states in a 35-page complaint. “Lewis spent this $1.3 million via cash withdrawals and via debit cards linked to nearly all accounts, which he used on lavish personal expenditures, including jewelry, retail spending, dining and entertainment and strip club visits.

“Lewis also withdrew large amounts of cash from investor funds, wrote alimony checks to his ex-wife, and paid his personal credit cards and other personal bills,” the SEC complaint states. “Lewis also engaged in a ‘check-cashing practice’ where he sporadically wrote checks to at least three employees in amounts up to $3,500, but required the employees to cash them and bring him back the cash, which he pocketed for personal use.”

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:facepalm: What an idiot.

Costanza was that wrong .gif

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What an idiot

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Truly amazed how dipshites like this can be so successful.

I have a buddy who's an O&G operator and always has facebook pictures of him on a private jet, deep sea fishing, deer hunting in s.Texas, etc. I wonder if he's using the same business plan as these guys.

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I have a buddy who's an O&G operator and always has facebook pictures of him on a private jet, deep sea fishing, deer hunting in s.Texas, etc. I wonder if he's using the same business plan as these guys.

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Baw probably taking them vendor kickbacks

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using investor money for booze, drugs, strippers and alimony payments to the CEO’s ex-wife

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I could see how that might raise a few flags.

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I have a buddy who's an O&G operator and always has facebook pictures of him on a private jet, deep sea fishing, deer hunting in s.Texas, etc

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Man, what does a man have to do to get a job like that? That would be the The life, getting free trips and gifts in order to give business to a partiticular company. I’m just the man for that job since I’m not above being bribed.

Nah salesmen get to do that stuff. But their job sucks when the client isnt hunting fishing or at a titty bar.

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I have a buddy who's an O&G operator and always has facebook pictures of him on a private jet, deep sea fishing, deer hunting in s.Texas, etc. I wonder if he's using the same business plan as these guys.

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We might know the same guy.

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Hookers and blow

Somebody needs to write that song

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Paging Fr33mantor ...