William June Fletcher, Jr

Aug 22

William June Fletcher, Jr. of Plano, Texas, pled guilty on August 22, 2006, in the 210th Judicial District Court in Collin County, Texas, Cause No. 219-81812-06, to charges of securities fraud. Fletcher received a 10 year suspended sentence, and agreed to pay restitution in the amount of $241,161 and a fine of $10,000. Fletcher, doing business as Texas Oil Equities, Inc., sold working interests in oil and gas leases located in Goliad County, Texas, at times when he did not own the leases.