Micheal Ray Gee, aka Micheal Ray Wright

Micheal Ray Gee, aka Micheal Ray Wright of Keller, Texas, was indicted on September 8, 2005 in the 203rd Judicial District Court in Dallas County, Texas, Cause No. F-05-01302, and Cause No. F-05-01304 for securities fraud and misapplication of property by a fiduciary. Gee is charged with raising more than $200,000 for the drilling of Gassiot-Mae #1 Oil and Gas Well. He allegedly never acquired a lease from the landowner, failed to drill the well, did not return the funds to the investors, and spent the investors' funds on personal and non-related business expenses and cash withdrawals