Litigation Release No. 24995 / December 23, 2020
Securities and Exchange Commission v. Ronnie Lee Moss, Jr., Genesis E&P, Inc., Royal Oil, LLC, and Catalyst Operating, LCC, No. 4:20-cv-972 (E.D. TX, filed December 23, 2020)
On December 23, 2020, the Securities and Exchange Commission filed a complaint against Ronnie Lee Moss, Jr. of Flower Mound, Texas, and Genesis E&P, Inc., Royal Oil, LLC, and Catalyst Operating, LCC, three companies Moss controlled, alleging they raised approximately $5.7 million by selling fraudulent oil-and-gas investments.
According to the SEC s complaint, from January 2014 to March 2018, Moss and his companies sold investments in multiple oil-and-gas limited partnerships to 95 investors nationwide. The complaint alleges that Moss oversaw a cold-calling campaign to solicit investors and prepared and distributed offering documents that misstated or omitted material information about his control over Genesis, his poor performance in prior oil-and-gas ventures