Cases / Energy & alternative assets
Billy Marcum Jr.
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Navarro Minerals, Caddo I, Bluecreek Operating, Fullspike Energy, Viejo Services, Viejo Exploration
- Industry
- Oil and gas leases and well repairs
- How investors were recruited
- Solicited investors himself and through co-conspirator Jay Taylor, who used Marcum's fabricated production reports to raise more money; more than 150 investors
- Pitch & red flags
- told investors funds would buy "oil and gas leases" and pay for well repairs with returns "paid out of profits from the ensuing oil and gas sales"; fabricated production reports
Pitch phrases from this case
Source
U.S. Department of Justice official
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