Robert Baker, Jacob Herrera, Michael Bowen, Terrence Ballard & Chris Faulkner—Fraud Offering

New Orleans stockbroker fraud attorney

Robert L. Baker, Jacob B. Herrera, Michael D. Bowen, and Terrence A. Ballard Allegedly Offered the Sale of Undivided Oil and Gas Interests to Hundreds of Investors as Part of a Purported $80-Million Fraud Offering Allegedly Ran by Chris Faulkner

Robert L. Baker, Jacob B. Herrera, Michael D. Bowen, and Terrence A. Ballard allegedly offered the sale of undivided oil and gas interests to hundreds of investors as part of a purported $80-million fraud offering allegedly ran by Chris Faulkner, a.k.a. “The Faulkner Scheme”, according to a recent SEC Order currently under review by attorneys Alan Rosca and James Booker.

The aforementioned respondents allegedly took part in the aforementioned Faulkner Scheme by making sales or participating in the sale of securities to hundreds of investors, said SEC Order reports.

Said respondents allegedly took part in the sales by making cold-calls to thousands of investors across the country in order to solicit investments in dozens of unregistered oil and gas securities offerings, the SEC Order notes.

What is more, Baker, Herrera, Bowen, and Ballard also allegedly gave enormous details regarding the offerings to potential investors, the SEC Order further remarks.

It should also be noted that, according to the SEC Order, none of the aforementioned respondents were registered with the Commission as a broker or associated with a registered broker-dealer during this time.

The Peiffer Rosca Wolf securities lawyers are currently investigating Baker, Herrera, Bowen, and Ballard’s alleged involvement in the so-called Faulkner Scheme and are in touch with investors.

Chris Faulkner Allegedly Took Advantage of the Interest in Investing in the Shale Oil Boom to Orchestrate the Aforementioned Scheme Wherein He Allegedly Made Fraudulent Sales of Investments in More than 20 Oil and Gas Prospects in Many States

Chris Faulkner allegedly saw investor interest in the shale oil boom and used this to allegedly operate the aforementioned scheme in which he allegedly made fraudulent sales of investments in more than 20 oil and gas prospects in several states, according to a recent SEC Order presently being reviewed by attorneys Alan Rosca and James Booker.

Faulkner, 39, was the co-founder of Breitling Oil and Gas Corporation (BOG) and Breitling Royalties Corporation (BRC) served as President of the aforementioned entities through December 2013, the SEC reports.

Faulkner, currently the President, CEO, and Chairman of the Board of Breitling Energy Corporation, allegedly used his purported gains to fuel “a lifestyle of decadence and debauchery”, the SEC reports.

Faulkner’s alleged fraud allegedly relied on four interlinked companies whose relationships were not disclosed entirely to investors, the SEC reports.

Faulkner and his associates, the SEC further notes, allegedly lied to investors about the cost of drilling and completing wells, and the expected earnings for the prospects.

What is more, the aforementioned respondents, Robert L. Baker, Jacob B. Herrera, Michael D. Bowen, Terrence A. Ballard, between 2011 and 2016, also allegedly brought in $9 million collectively in undisclosed transaction-based compensation in the form of commissions, the SEC Order also reports.

For example, Robert L. Baker, 54, and of Dallas, Texas, and a former salesperson for Breitling Oil and Gas Corporation, Breitling Royalties Corporation, Crude Energy, LLC, Crude Royalties, Patriot Energy, Inc., and Patriot Royalties, allegedly sold oil and gas interests as part of unregistered offerings, the aforementioned SEC Order notes.

Baker, the SEC further notes, is allegedly not registered with the Commission in any capacity and does not have any disciplinary history.

Next is Jacob B. Herrera, a.k.a. Brandon Jacobs, 26, and of Cedar Hill, Texas, who purportedly worked as a salesperson for BOG, BRC, Crude, CR, Patriot, and PR selling oil and gas interests as part of unregistered offerings, according to the SEC.

Herrera, as with Baker, the SEC further notes, is also not registered with the Commission in any capacity and does not have any disciplinary history

Then there is Michael D. Bowen, 34, and a resident of Waxahachie, Texas, also reportedly worked as a salesperson for BOG, BRC, Crude, CR, Patriot, and PR selling oil and gas interests as part of unregistered offerings, the SEC Order notes.

Bowen, as with Herrera and Baker, is not registered with the Commission in any capacity and does not have any disciplinary history, the SEC Order reports.

Finally, we have Terrence A. Ballard.

Ballard, 41, and a resident of Frisco, Texas also worked as a salesperson for BOG, BRC, Crude, CR, Patriot, and PR selling oil and gas interests as part of alleged unregistered offerings, the SEC Order notes.

None of the aforementioned respondents was registered with the Commission as a broker or associated with a registered broker-dealer during this time, the SEC notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraud offerings and are currently investigating Robert L. Baker, Jacob B. Herrera, Michael D. Bowen, and Terrence A. Ballard’s alleged fraud offering. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Robert L. Baker, Jacob B. Herrera, Michael D. Bowen, and Terrence A. Ballard’s alleged fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.