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The good, the bad, and the ugly - discover what customers are saying about Couch Oil & Gas

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1:52 pm EDT
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Couch Oil & Gas Fraud

Irving, TX. September 16, 2014. Colt Ledger & Associates, Inc. has just completed an exhaustive investigation into the oil and gas drilling programs of Couch Oil & Gas, Inc. of Irving, Texas. The results of that investigation have been compiled into a “Research Report” backed by apparently irrefutable facts that will lay the foundation for the complaints being filed with the SEC, FBI, USPS, IRS, USSS multiple State Securities, and prosecutorial agencies.

Couch Oil has over 1100 separate allegations filed against them, including but not limited to selling unregistered securities, general solicitation, wire fraud, money laundering, elder fraud, mail fraud, and bank fraud.

After searching the SEC's Electronic Data Gathering, Analysis and Retrieval system, CLA was unable to confirm registrations for the project(s) in which CLA clients invested in. It also appears that Couch Oil failed to license its agents with the Federal Government and/or in the states they were selling in, resulting in what appears to be illegally offering securities to numerous CLA clients.

After a thorough investigation, it appears that Couch Oil appears to have failed to properly vet CLA clients to ascertain if their offer(s) were suitable for the client. It seems that Couch Oil failed in discussing, uncovering or addressing clients with financial and investment goals, risk tolerance and/or current financial positions so as to understand or evaluate the clients suitability to participate in their offering(s).

On the subject of suitability, the SEC states that, "When your broker recommends that you buy or sell a particular security, your broker must have a reasonable basis for believing that the recommendation is suitable for you. In making this assessment, your broker must consider your income and net worth, investment objectives, risk tolerance, and other security holdings."

The new FINRA statutes states in SR-FINRA-2010-039, rule 2111, that a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile. A customer's investment profile includes, but is not limited to, the customer's age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.

The investigation revealed that Couch Oil appears, according to authorities, to have violated U.S. Codes §1341: Frauds and Swindles and §2326: Enhanced Penalties for targeting a person over the age of 55, leaving them also open to §2327: Mandatory Restitution. By definition, elder fraud is an act targeting older adults in which attempts are made to deceive with promises of goods, services, or financial benefits that do not exist, were never intended to be provided, or were misrepresented. Financial exploitation is the illegal or improper use of an older adult's funds or property.

It appears that Couch Oil also failed to disclose “material facts”, such as numerous documented violations of Securities regulations.

Couch Oil appears to have knowingly and willfully violated basic securities regulations that possibly led to criminal activity. Clients have provided Colt Ledger and Associates, Inc. with sworn affidavits stating that they were made promises by Couch Oil, and in turn, invested their money only to see little or no money in return. Couch Oil appears to have fraudulently taken almost $5.3 million combined from 59 of Colt Ledger & Associates Inc. clients.
Colt Ledger & Associates has filed the complaints with the proper authorities, in which they will now handle the cases accordingly.The public is reminded that a complaint only contains allegations and is not evidence of guilt. Everyone is presumed innocent unless and until proven guilty.

Anyone having experience with Couch Oil, pro or con, is urged to contact Colt Ledger & Associates, Inc.

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Bluescamhill
, US
Sep 11, 2015 9:46 pm EDT

Dr. H.C. “Blue” Hill, Executive VP/Senior Partner, of M. R. Cox, Inc., is a graduate of Kirby High School, Woodville, Texas; Southeastern Louisiana University with a B.S. in Agribusiness: Louisiana State University with a M.S. in Soil Chemistry, a M.S. in Phytopathology and a PhD in Entomology. He also holds numerous other advanced degrees in various fields. Blue’s work ethic and tenacity to see things through are a result of his parents’ influence and being reared in rural Southeast Texas. He served his country during the Vietnam War and returned home to attend college on the GI Bill. He finished his degreed programs through academic scholarships in record time while maintaining a 3.7 GPA.
He has traveled, worked, and lived all over the world as a Project coordinator, Manager and Consultant to individual mega-farmers, commercial farmers and foreign governments on agribusiness enterprises. He has served as an expert witness in agriculturally related deaths. He has written many published articles on a wide range of subjects. He and his wife, Dr. Patricia Hill, have also traveled extensively, conducting seminars on Family and Life Skills. Blue’s Sales Training Seminars and his Motivational and Life Skills Workshops have always been well attended.
Blue has recently completed 20+ years of managing single and multiple franchised automobile dealerships. Overseeing and directing the day-to-day operations of multi-million dollar inventories and customer driven service facilities has given Blue a tremendous insight into what it takes to build a successful business. He has been the consummate professional, attending several hundred hours of business, sales, management, creative thinking and writing, business and employment law, and negotiating seminars presented by the top experts in the field, at his own expense.
Blue’s exposure to the oil and gas industry dates back to January 10, 1901 on a knoll outside Beaumont, Texas. His Grandfather, Ezra Estes Bellar, a Cajun, was a young roughneck, working with Anthony Lucas drilling the well that would create Gulf Oil, Amoco, and Exxon. That knoll was called Spindletop. Blue’s Grandfather and uncles went on to become involved in every aspect of the emerging oil and gas industry of Southeast Texas an Southwest Louisiana. All male members of the immediate and extended family worked in these oil and gas fields. The down turns and the wildcat nature of the business took its toll. The “bust” of the 1980’s ended the family’s endeavor. Their last well stopped pumping in the mid 1990’s.
Blue and Patricia moved from Atlanta, Georgia to a 200+ acre farm in South Central Kentucky in 2004. They met Marty Lile that year and the oil and gas flame was reignited. Blue became heavily involved in working with investors on drilling projects in the Appalachian Basin. He also pursued and increased his personal investments in lease plays in Texas.
By early 2006, through his own personal success, it became apparent that the oil and gas lease plays in Texas, Louisiana and Oklahoma offered his clients better opportunities for profit. He and Marty Lile joined forces and launched M.R. Cox, Inc. with a common goal of offering investors more lucrative investment options, maximum tax advantages and an open door policy. Thus the Mission Statement: “M.R. Cox, Inc. offering investors the advantages of a Direct Participation investment with the transparency of a public held company.”
Blue is an avid gardener and family man who spends his leisure time with his wife on their farm with their menagerie of rescued animals. They do have an extensive collection of photos which they will readily share of their two daughters, tow son-in-laws and five grandchildren that they visit often.

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Art Krebel
Waterloo, US
Feb 27, 2015 11:22 am EST
Verified customer This comment was posted by a verified customer. Learn more

Took 1% interest in "Palo-Bakken_montana 30 well" project in 12/2009 thru 03/2010. Have received very little return and none since
03/2014. A note at that time indicated they were trying to sell working wells. Apparently there never was more than seven working wells. ajkrebel@htc.net

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11:29 am EDT
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Couch Oil & Gas Investment Fraud

Colt Ledger & Associates, Inc., the nation’s leading private research firm investigating and exposing private placement securities fraud, has been engaged to look into the possibility of securities, criminal and/or elder financial fraud involving Couch Oil & Gas conducting a non-bias, objective investigation into Couch Oil & Gas and its officers, employees and associates in the very near future. If you have any information, pro or con, regarding this matter, please contact J.W. Vickery at [protected]. Everyone is considered innocent until proven otherwise in a legal forum.

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Donnie Frisco
San Francisco, US
Jun 26, 2014 12:14 am EDT

I to am a victim of Couch oil and gas

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Jae81
, US
Feb 17, 2017 1:34 pm EST

Hi Donnie, I am as well. I haven't had much success in finding an attorney that is going fwd with any lawsuit, have you?

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