Complaint Review: Prestonwood Resources LLC - Dallas Texas
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- Author Confirmed
- Prestonwood Resources LLC 9330 Lyndon B Johnson Fwy suite 900 Dallas, Texas United States
- Phone:
- Web: Www.prestonwoodresources.com
- Category: Oil & Gas
Prestonwood Resources LLC George Rauch George Fasciano Soliciting unregistered securites while barred from the financial industry Dallas Texas
*Consumer Comment: Prestonwood Resources LLC consumer comment
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Prestonwood Resources LLC. in Dallas, TX. This startup company has solicited my family offering what seems to be unregistered securities in an oil and gas investment named Star Lane 5 Joint Venture. Our due diligence uncovered that the owner Mr.George Rauch is partnered with a Mr.Gregory P. Fasciano. This information was gathered online from the Secretary of State Texas. There isn't much information to be found about these individuals except upon further review we discovered that Mr.Rauch has made an identity name change from George Benjamin Fasciano to George Rauch.
That raised some concern especially that his business partner Greg P. Fasciano just happens to have the same last name that Mr.Rauch previously had. We believe they could be related and working together to solicit investors. This discovery doesn't sit well in our minds and leads us to believe Mr.Rauch is under disguise and is trying to avoid being detected by the SEC or other regulatory agencies. According to "Broker Check" located on the Financial Industry Regulatory Authority website (FINRA) clearly shows that the SEC has permanently barred George B. Fasciano from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.
You can see for yourself by searching George Benjamin Fasciano or his CRD# 2478849 on the FINRA website. Please be aware and do not become a victim. Please do your due diligence as we have and if you have concerns you can file a complaint online with The Securities and Exchange Commission.
This report was posted on Ripoff Report on 08/11/2021 01:56 PM and is a permanent record located here: https://www.ripoffreport.com/report/prestonwood-resources-llc/dallas-texas-george-rauch-1510893. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
Prestonwood Resources LLC consumer comment
AUTHOR: Jamie - (United States)
SUBMITTED: Tuesday, January 25, 2022
Are these guys still in business?!! George Rauch A.K.A George Fasciano is a well-known recidivist who arrogantly continues this behavior under the blind eyes of the Texas State Securities Board and the Securities Exchange Commission (SEC) Mr.Rauch is being aided by his sibling Greg Fasciano in this scheme. Their companies are not only in violation of the securities law, but are in business with another very well-known recidivist Mark Allan Plummer of Chestnut Exploration, Texas E&P, and now Richmond Engineering along with his son Davis James Plummer of A.P. Operating.
Davis James Plummer established AP Operating name a Texas-based company while living in Mississippi and attending college in 2019. This establishment was created shortly after his father Mark Allan Plummer was named a "BAD ACTOR" and barred from the oil and gas securities industry by the SEC. It's known that Davis James Plummer did not have any prior oil and gas education or work experience prior to becoming the CEO of AP Operating. It can also be said Mark Allan Plummer is controlling everything in the background along with the help of his long-time Geologist business partner Jim Kendall of Oklahoma.
CEO Davis James Plummer and President Jim Kendall continue to issue projects to recidivists like Mr. Rauch and Mr. Fasciano who are soliciting unregistered securities through Prestonwood Resources and Plainsview Petroleum in Dallas, TX. Their targets are novice investors who do not properly perform their due diligence or do not have the business acumen to identify a bad investment vehicle. They continue to raise money with the help of the Plummer's and Jim Kendall who also controls and operates the wells for Mr. Rauch and Greg Fasciano in East Texas areas.
They are currently raising funds in Kirvin an East town in Freestone County. An astute investor could feel comfortable knowing these individuals, their companies, and each one of their business partners should be avoided and reported to the Texas State Securities Board and Securities Exchange Commission.
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