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EnergyEXCLUSIVE Texas energy fund shuts, founder says millions squandered Shariq Khan 4 minutes read The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant The founder of a Texas oil and gas investment firm that raised about $31 million shut the business this month and acknowledged in a Reuters interview that he had squandered investors cash on bad and non-arm s-length deals. Christopher Bentley, who founded Bellatorum Resources LLC in 2016 and raised funds from about 150 wealthy individuals, closed its doors on April 9 and contacted U.S. prosecutors. His firm bought mineral rights in Texas shale fields, betting on appreciation as oil and gas drilling rose.

United statesChristopher bentleyJeff voelkelJennifer loweryAndrew dittmarThomson reuters trust principlesBureau of investigationBellatorum resourcesDepartment of justiceFederal bureau of investigationFederal bureauSouthern districtArchegos capitalThomson reuters trustஒன்றுபட்டது மாநிலங்களில்கிறிஸ்டோபர் பென்ட்லி