Sep 27
2013

Brian Keith Blalock pleaded guilty to theft of property Sept. 27 in the 415th State District Court in Parker County and was sentenced to 10 years probation.

Blalock was the owner and operator of IEP Capital LLC in Fort Worth, which managed the IEP Oil Fund LP, a fraudulent investment program. Investors in the IEP Oil Fund have received full restitution of $35,000.