Dec 5
2012

Bruce Kyle Griffith's guilty plea to federal conspiracy and securities fraud charges was unsealed Dec. 5 by the U.S. District Court for the Northern District of Texas.

Griffith served as president and CEO of Always Consulting Inc., a Richardson company that sold investments in oil and gas drilling projects. The company raised more than $2.2 million from investors for a drilling project in Oklahoma but failed to drill wells or return investors' money.

The Texas Securities Commissioner in 2007 affirmed an Emergency Cease and Desist Order against Always Consulting, Griffith, and two other principals, finding that they engaged in fraud and sold securities without being registered to do so.