Dan Lane and Danick Resources Sold Us Unregistered Securities and Illegally Obtained “Investment Contracts” and $600,000 from American Military Heroes & Elderly Victims
Tompkinsville, Kentucky
We, the victims of Dan Lane and Danick Resources, are telling everyone that might come in contact with Dan Lane and/or Danick Resources to not do business with this organization or anyone associated with it and, immediately, contact Colt Ledger, who is in contact with Federal authorities regarding the alleged scam that Dan Lane perpetrated on us. Colt Ledger is currently preparing our State and Federal Securities and Criminal Fraud and money laundering complaints regarding this entire matter.
We keep asking for the accounting and other documents to verify what Dan Lane did with our investment funds, since we are “co-owners/equal partners” in his “joint ventures”, but Dan Lane continues to refuse. What is he hiding?
Below are comments made by Colt Ledger regarding Dan Lane’s, alleged illegal “Joint Ventures” and how he attempted to evade the SEC and Federal law enforcement, in a concerted effort to leave us, exposed to and ignorant of, his alleged criminal activities.
Colt Ledger stated that, “According to a Deputy Director of the Texas State Securities Board’s Enforcement Division, he has never, in his 30 plus years, seen a “legitimate oil and gas joint venture”! The reason for his statement is based upon many State and Federal court decisions, which clearly state that a “Joint Venture” is not a “Legitimate Joint Venture” simply because it is called one. The foundation of a “Joint Venture” is based on how it is structured and, in fact, who is responsible for making the project profitable!”
“It appears, Dan Lane, Danick Resources and their legal counsel, or whoever prepared the projects’ legal documents, has, willfully, structured and ran “illegal” joint ventures, thus, allegedly, scamming all of the Danick investors out of millions!”
“A “legal joint venture” is not considered a security and, therefore, it is not subject to SEC securities regulations, therefore, many oil and gas con men, call their oil drilling scams, “joint ventures” to evade securities regulations and the criminal fraud and money laundering associated with those “joint ventures”. And according to documents obtained from Dan Lane, Danick Resources, and their victims, Dan Lane, this is exactly what Dan Lane set-up and, allegedly, stole $600,000 of my clients’ money! Let us be clear, Dan Lane has allegedly stole $600,000 from these folks, however, he has, is fact, allegedly, stole millions of dollars from all of his investors, since Dan Lane refuses to provide any proof that he has actually produced a commercially viable well.”
“To make things as simple as possible, for us non-attorneys, there are, according to the U.S. Supreme Court, basically, two questions to be answered regarding a “joint venture” offered and sold v a “security”:
1. Is or is not the “joint ventures”, offered by Dan Lane, in fact, securities offerings, subject to SEC jurisdiction?”
“To make things easier to understand, no matter how confusing and convoluted, the con man running the project or his lawyer makes the contract, the U.S. Supreme Court set up a legal test, “The Howey Test”, in which the Court determined that there were 4 elements which predicate the existence of an “investment contract” and, therefore, a “security”. Those 4 elements are:
(1) an investment; (2) a common enterprise; (3) the expectation of profits; and (4) profits that result solely from efforts of another. (SEC v. WJ. Howey Co., 328 U.S. 293 (1946).”
“All of my clients have sworn, under oath, that they invested their money, in a common enterprise, i.e., Danick Resources’ joint ventures, with the expectation of making a profit, solely, from the efforts of Dan Lane and Danick Energy, et. al. The documents provided by Dn Lane In fact, Dan Lane’s oil and gas experience, the commercially viable wells he had previous produced and his overall track record, were, in fact, the selling points used by Dan Lane and his agents to get investors to invest, although, Dan Lane, now, has refused to verify his claims of success or experience!”
“The simple fact is, that none of my clients would have ever invested had they been required to become directly involved in the project with the expectation that their efforts would determine if there were profitable results.”
“However, the fourth point of the Howey Test, (4) profits that result solely from efforts of another, needs further examination to determine, basically, if it was feasible, for the investor’s to expect profits without the efforts of Dan Lane?”
“Enter the “Williamson Test”, to determine if this group of investors was, solely, dependent on the efforts of Dan Lane, Danick Resources and their affiliates, associates, etc., to produce a successful project, i.e., profit or could they have?”
“Since, the vast majority, if not all, of Dan Lane’s clients were completely ignorant of the oil and gas drilling business, there was absolutely no way these folks could have expected to produce a profit without the efforts of Dan Lane and Danick Resources!”
“Fortunately, the “Williamson Test”, was created to determine:
2. Whose efforts, in fact, were absolutely crucial, the investors’ or the management’s, to the expectation of a profitable “joint venture”?”
“The Williamson test directs us to examine (1) the projects’ documents, (2) the investor, and (3) the promoter. The Williamson Court concluded that the investors could reasonably expect to receive profits derived from essential managerial services of another based upon (1) the formal, documentary, distribution of power; (2) the fact that the investors' efforts could not conceivably give rise to any profits; or (3) the fact that the promoter's talents are so remarkable or unique that the investors' efforts could not have any significant effect on making profits.”
“Again, in sworn statements, these victims of Dan Lane and Danick Resources, state categorically:
(1) the agreement among the parties left so little power in the hands of the investors that the arrangement, in fact, distributed power as would a limited partnership; and/or
(2) the investors were so inexperienced and unknowledgeable in business affairs that they were incapable of intelligently exercising their partnership or venture powers; or
(3) the investors were so dependent on the managerial ability of the promoter/ manager that they could not replace the manager of the enterprise or otherwise exercise meaningful managerial powers.
“Again, based on the sworn statements of Danick victims, they never were involved in any management decisions, never participated in a management meeting, had no knowledge of how to run an oil and gas drilling project, were not provided with the identity and contact information of all of the investors, therefore, the investors could not discuss any project concerns with the other partners, such as, replacement of the management.
“But, for the moment, forget about the legalese, these investors were scattered around the world, doing whatever they did to accumulate the funds to invest, this was their first oil and gas investment and none possessed the knowledge, skill or experience for anyone to believe that they could provide any form of meaningful input into a Dan Lane joint venture!”
“Therefore, Dan Lane controlled all aspects of these joint venture, regarding the investors’ ability to, in fact, act in any meaningful way, as to influence the success or failure of these joint ventures. Dan Lane’s Joint Ventures were, completely and totally under his direct authority, period. Therefore, Dan Lane offered and sold drilling project that were “joint ventures”, in name only.”
“According to both the “Howey Test” and the “Williamson Test”, “investment contracts” were offered, sold and executed by the investors, period! Therefore, Dan Lane offered and sold unregistered securities via general solicitation by unlicensed agents.”
“These types of alleged illegal activities create, according to the SEC, FBI, U.S. Secret Service, etc., and based on our experience, a direct and documented pathway to alleged, interstate criminal fraud, including wire fraud, mail fraud, elder financial fraud and money laundering.”
“We have been able to document each of these allegations, along with several more and we fully expect State or Federal indictments based on past performances of our filed complaints!”
If you have had any contact, pro or con, with this organization or its associates, or wish to know more, please contact us at [email protected]
Disclaimer: Everything contained herein is the opinion of Colt Ledger & Associates, Inc. and the victims of Danick Resources based on, one, the direct relationship of the victims with Danick Resources, Dan Lane and his international, thug associates, two, the documents supplied to the Danick victims by Dan Lane and his thugs, three, the irrefutable, but “alleged” documented criminal fraud and money laundering allegations found in our federal complaints being prepared as this information is being posted, four, the individually prepared sworn statements of the victims, located world-wide and finally, the information previously supplied to law enforcement, which has led to multiple indictments, charges, plea deals and prison. Of course, everyone, herein, is considered innocent until proven otherwise in a legal forum.
We are the victims of Danick Resources, Inc., located at Tollway Towers North, 15770 N. Dallas Parkway, Suite 1000, Dallas, Texas, 75248
214-827-2222
DO NOT DO BUSINESS WITH THIS COMPANY OR THOSE ASSOCIATED WITH IT!
Danick Resources, Inc. and its management and officers have allegedly taken criminal advantage of us, possibly, including the “targeting” of the elderly, veterans and our American Heroes, Active Duty Military Personnel according to the SEC, FBI, U.S. Secret Service, U.S. Postal Inspectors, and other law enforcement and regulatory agencies.
Colt Ledger & Associates, Inc., the nation’s only private investigator specializing in State and Federal securities and criminal fraud and the money laundering that accompanies these crimes, has been hired for the expressed purpose of contacting Dan Lane, and the others mentioned above with a list of irregularities that we became aware of, through contact with State and Federal agencies with jurisdiction in the matter of offering and selling oil and gas Joint Ventures as non-securities; in direct opposition to the 9th and 10th Federal Appellate Courts and most Federal and State lower courts. We wanted Mr. Lane to explain and document his actions in light of our findings.
We, as investors, through our agent, Colt Ledger, have requested a complete accounting of the use of our investment funds after gathering information from the authorities that indicated that as much as 70% of investor funds go directly into the pockets of promoters, instead of being utilized to drill and produce what was indicated during their sales pitch and offering materials. If 70% or, for that matter, any of the funds are “skimmed”, “misappropriated” or “embezzled”, from the partnership, prior to drilling and completing the well/project, how successful could an “underfunded” project be? Our answer and the documented evidence, appears to clearly demonstrate that such activity is a financial catastrophe for the investor/s and a huge financial windfall for Dan Lane!
Colt Ledger, a seasoned veteran in dealing with bogus oil and gas promoters and their bogus ‘joint ventures’ said that, “After two attempts to open a line of civil discourse, with Dan Lane and/or his attorney, failed, I believe that the lack of concern and/or arrogance displayed by Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, and Nick Schrock regarding their clients’ concerns, indicates that this entire matter has become a ‘matter of public concern’. ‘Matters of public concern’, are protected under the First Amendment, the Texas Constitution and the Communication Decency Act, along with many other ways of conveying one’s opinion and/or ‘documented’ activities. ”
Colt Ledger also stated, “It is time to convey to the public these investors’ experience with a seasoned professional oil and gas promoter like Danick, from Danick’s initial general solicitation forward, including what the State and Federal agencies have shared with me regarding “illegal joint ventures” and the findings of our investigation, so that anyone contemplating doing business with Dan Lane or any of the other alleged con men named, herein, will be made aware of who they are and the, possible, consequences of doing business with any member of this group, i.e., the complete loss of your money.”
Colt Ledger summarized the futile attempts to have Mr. Lane provide answers to his clients’ concerns, “As stated above, I was hired to attempt to resolve several extremely serious, but alleged, criminal activities involving those named above. We have made two attempts to have these egregious, but alleged, matters, i.e., wire fraud, mail fraud, theft, elder financial fraud, veteran fraud, money laundering, the spending of laundered money, misappropriation and/or embezzlement of investor funds, and many other criminal allegations that we have now, irrefutably, thus far, documented regarding Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, and Nick Schrock. Thus far, those named, herein, have refused to rebut and provide proper legal documentation with their rebuttal. We can only extrapolate that they have no documented rebuttal to the allegations we have made against them!”
“All investors are legally entitled to a final certified independent audit regarding the utilization of their funds. And, any and all ethical businessmen have no problem providing the information requested to their investors, if they are, in fact, ethical businessmen. The only obvious reason Dan Lane will not provide the accounting information is, he knows he will be forever exposed as less than ethical and, possibly, as a criminal! Dan Lane, et.al, appears to have been caught with their pants down on his ankles, by this simple request.”
“The totally unverifiable, information that was provided to my clients, is apparently, according to Dan Lane, all his clients get for their $600,000 plus investment. The victims, apparently, are to trust Lane to be honest in his dealings with them, even though the authorities’ opinions and a multitude of court decisions all point to Lane, et.al, running alleged illegal joint ventures. It is alleged, that through highly embellished previous production numbers, i.e., ‘Danick’s track record’ aided by unsupervised and unscrupulous commissioned sales representatives, Lane allowed, my clients/his victims to believe that their funds were going to produce large returns based on his previous drilling and production records, his expertise and that of his geologist. It should be noted that Lane has failed to produce any form of a verifiable successful drilling history! In fact, we have failed to find a single investor that has recovered his/her initial investment, much less, any profits.
It appears, at this point, Dan Lane is a documented, complete and miserable failure, at drilling any commercially viable wells and has, thus far, provided his clients with only significant losses! Yet, in my opinion, he lives the lifestyle of a ‘Texas Oil Baron’!”
“Dan Lane has made a lot of money drilling ‘pisser wells’/low production and/or dry holes/no production. My question when dealing with these, alleged, Texas based oil and gas investment con artists is always, ‘how do they make so much money, while their investors lose all of their money? How do they make millions in profits from dry holes? Those are just some of the answers Dan Lane’s investors want to know! The answer to these questions will be answered by an independent certified and documented audit! That may be why Mr. Lane does not want his investors to know how he spent their money, much less, any attempts to answer the extremely serious allegations contained in my clients’ State and Federal criminal fraud and money laundering complaints, currently being prepared and finalized for filing with the proper authorities.”
“Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, Nick Schrock, appear, according, to the documentation provided by Dan Lane, himself, his sales representatives Nick Schrock, et. al, did, in fact, greatly embellish and, apparently, lied to my clients, and, according to State and Federal law enforcement authorities, violated as many as 15 to 20 local, multiple State and Federal statutes per client, in their ‘normal course of doing business’. Because, of the egregious nature of these alleged and extremely serious criminal activities and the complete apathy of Dan Lane, et.al., I am legally, morally and ethically obligated to post and share this information as a ‘matter of public concern’!”
“At this point of impasse, created solely by Lane, it is my legal obligation to provide to the State and Federal authorities the same information we have provided in the past that has eventually led to 34 multiple criminal indictments and 32 guilty pleas. One of the remaining swindlers is facing life in prison so he has opted for a trial by jury and the other is awaiting his opportunity to plead guilty. I strongly believe that all of these Texas based oil and gas con artists should be put in prison for as long as possible and they should be utterly destroyed for intentionally perpetrating a known fraud scheme and targeting our elderly citizens and, more importantly, those that place their lives in harm’s way to protect America and its citizens.”
“These guys high five each other when they swindle a 70 to 80 year old man with dementia or an elderly widow out of their entire savings. Danick Resources and Dan Lane, intentionally, with, forethought and malice, has allegedly left our grandfathers and grandmothers destitute! But in Dan Lane’s case, he allegedly has built an organization, allegedly, aided and abetted by, Nick Alexander, Luis Castillo, Nick Schrock, et.al, that allegedly swindles America’s Heroes, members of our military, who are putting themselves in harm’s way protecting our country, out of their meager savings, for personal profit and gain!”
“Dan Lane, Nick Alexander, Luis Castillo, Nick Schrock, are, in my opinion, after exposing and documenting their activities, indeed extreme low-life individuals, even when compared to the hundreds or thousands of Texas based criminal enterprises run by oil and gas swindlers, that make their living and supply their families with their lavish lifestyle by, intentionally, scamming and destroying the remaining members of America’s “Greatest Generation” and simultaneously preying on our American Heroes, the sons and daughters that protect our country, past and present?”
“Going after each and every one of the individuals named, herein, has been and will continue to be, an extreme pleasure for me, personally, and our firm! They are, obviously, remarkably ignorant/uninformed or they have, intentionally, chosen to disregard the deluge of local, State and Federal Court decisions, past and present, regarding the proper operation and structuring of a ‘legal’ joint venture, the sale of unregistered securities and “targeting”. We have their alleged criminal activity, irrefutably, documented, primarily, using Dan Lane’s own offering materials and his communication with State and Federal agencies.”
“It is extremely important that the general public understand that there is absolutely no reason, to embellish, twist, conjure Dan Lane’s and/or his thugs’, cold, calculating, alleged “illegal” activity in order to create some ‘fictitious criminal scenarios’ to expose or leverage Danick, et.al. First, the authorities with whom we file would never accept or prosecute an obvious fraudulent complaint. Second, Dan Lane and Danick Resources has already exposed themselves, through the process of filing State and Federal documents and providing clients with documents and information, regarding their, thus far, undisputed, activities. I am simply gathering those documents and evidence they have already provided to their clients, Texas and several other State and Federal regulatory agencies and producing an interstate criminal fraud and money laundering complaint to spotlight those items and individuals. Dan Lane and his alleged thugs had already published, offered and sold their alleged interstate securities fraud schemes, before I ever became aware of their existence and/or their identities! Therefore, I am simply using their own documents, their attestation to their ‘alleged’ illegal activities, their intentional evasion of State and/or Federal securities and criminal statutues and regulations and the illegal manner in which they offered and sold securities and organized and ran their ‘Joint Ventures’, as sworn to by their victims and Dan Lane’s own offering documents, against them! I feel extremely confident, based on our past track record of indictments, that this group is going to wish they had been more forth right with their clients/victims!”
If you have had any contact, pro or con, with this organization or its associates, or wish to know more, please contact us at [email protected]
Disclaimer: Everything contained herein is the opinion of Colt Ledger & Associates, Inc. and the victims of Danick Resources based on, one, the direct relationship of the victims with Danick Resources, Dan Lane and his international, thug associates, two, the documents supplied to the Danick victims by Dan Lane and his thugs, three, the irrefutable, but “alleged” documented criminal fraud and money laundering allegations found in our federal complaints being prepared as this information is being posted, four, the individually prepared sworn statements of the victims, located world-wide and finally, the information previously supplied to law enforcement, which has led to multiple indictments, charges, plea deals and prison. Of course, everyone, herein, is considered innocent until proven otherwise in a legal forum.
Danick Resources, Inc. Reviews
Dan Lane and Danick Resources Sold Us Unregistered Securities and Illegally Obtained “Investment Contracts” and $600,000 from American Military Heroes & Elderly Victims
Tompkinsville, Kentucky
We, the victims of Dan Lane and Danick Resources, are telling everyone that might come in contact with Dan Lane and/or Danick Resources to not do business with this organization or anyone associated with it and, immediately, contact Colt Ledger, who is in contact with Federal authorities regarding the alleged scam that Dan Lane perpetrated on us. Colt Ledger is currently preparing our State and Federal Securities and Criminal Fraud and money laundering complaints regarding this entire matter.
We keep asking for the accounting and other documents to verify what Dan Lane did with our investment funds, since we are “co-owners/equal partners” in his “joint ventures”, but Dan Lane continues to refuse. What is he hiding?
Below are comments made by Colt Ledger regarding Dan Lane’s, alleged illegal “Joint Ventures” and how he attempted to evade the SEC and Federal law enforcement, in a concerted effort to leave us, exposed to and ignorant of, his alleged criminal activities.
Colt Ledger stated that, “According to a Deputy Director of the Texas State Securities Board’s Enforcement Division, he has never, in his 30 plus years, seen a “legitimate oil and gas joint venture”! The reason for his statement is based upon many State and Federal court decisions, which clearly state that a “Joint Venture” is not a “Legitimate Joint Venture” simply because it is called one. The foundation of a “Joint Venture” is based on how it is structured and, in fact, who is responsible for making the project profitable!”
“It appears, Dan Lane, Danick Resources and their legal counsel, or whoever prepared the projects’ legal documents, has, willfully, structured and ran “illegal” joint ventures, thus, allegedly, scamming all of the Danick investors out of millions!”
“A “legal joint venture” is not considered a security and, therefore, it is not subject to SEC securities regulations, therefore, many oil and gas con men, call their oil drilling scams, “joint ventures” to evade securities regulations and the criminal fraud and money laundering associated with those “joint ventures”. And according to documents obtained from Dan Lane, Danick Resources, and their victims, Dan Lane, this is exactly what Dan Lane set-up and, allegedly, stole $600,000 of my clients’ money! Let us be clear, Dan Lane has allegedly stole $600,000 from these folks, however, he has, is fact, allegedly, stole millions of dollars from all of his investors, since Dan Lane refuses to provide any proof that he has actually produced a commercially viable well.”
“To make things as simple as possible, for us non-attorneys, there are, according to the U.S. Supreme Court, basically, two questions to be answered regarding a “joint venture” offered and sold v a “security”:
1. Is or is not the “joint ventures”, offered by Dan Lane, in fact, securities offerings, subject to SEC jurisdiction?”
“To make things easier to understand, no matter how confusing and convoluted, the con man running the project or his lawyer makes the contract, the U.S. Supreme Court set up a legal test, “The Howey Test”, in which the Court determined that there were 4 elements which predicate the existence of an “investment contract” and, therefore, a “security”. Those 4 elements are:
(1) an investment; (2) a common enterprise; (3) the expectation of profits; and (4) profits that result solely from efforts of another. (SEC v. WJ. Howey Co., 328 U.S. 293 (1946).”
“All of my clients have sworn, under oath, that they invested their money, in a common enterprise, i.e., Danick Resources’ joint ventures, with the expectation of making a profit, solely, from the efforts of Dan Lane and Danick Energy, et. al. The documents provided by Dn Lane In fact, Dan Lane’s oil and gas experience, the commercially viable wells he had previous produced and his overall track record, were, in fact, the selling points used by Dan Lane and his agents to get investors to invest, although, Dan Lane, now, has refused to verify his claims of success or experience!”
“The simple fact is, that none of my clients would have ever invested had they been required to become directly involved in the project with the expectation that their efforts would determine if there were profitable results.”
“However, the fourth point of the Howey Test, (4) profits that result solely from efforts of another, needs further examination to determine, basically, if it was feasible, for the investor’s to expect profits without the efforts of Dan Lane?”
“Enter the “Williamson Test”, to determine if this group of investors was, solely, dependent on the efforts of Dan Lane, Danick Resources and their affiliates, associates, etc., to produce a successful project, i.e., profit or could they have?”
“Since, the vast majority, if not all, of Dan Lane’s clients were completely ignorant of the oil and gas drilling business, there was absolutely no way these folks could have expected to produce a profit without the efforts of Dan Lane and Danick Resources!”
“Fortunately, the “Williamson Test”, was created to determine:
2. Whose efforts, in fact, were absolutely crucial, the investors’ or the management’s, to the expectation of a profitable “joint venture”?”
“The Williamson test directs us to examine (1) the projects’ documents, (2) the investor, and (3) the promoter. The Williamson Court concluded that the investors could reasonably expect to receive profits derived from essential managerial services of another based upon (1) the formal, documentary, distribution of power; (2) the fact that the investors' efforts could not conceivably give rise to any profits; or (3) the fact that the promoter's talents are so remarkable or unique that the investors' efforts could not have any significant effect on making profits.”
“Again, in sworn statements, these victims of Dan Lane and Danick Resources, state categorically:
(1) the agreement among the parties left so little power in the hands of the investors that the arrangement, in fact, distributed power as would a limited partnership; and/or
(2) the investors were so inexperienced and unknowledgeable in business affairs that they were incapable of intelligently exercising their partnership or venture powers; or
(3) the investors were so dependent on the managerial ability of the promoter/ manager that they could not replace the manager of the enterprise or otherwise exercise meaningful managerial powers.
“Again, based on the sworn statements of Danick victims, they never were involved in any management decisions, never participated in a management meeting, had no knowledge of how to run an oil and gas drilling project, were not provided with the identity and contact information of all of the investors, therefore, the investors could not discuss any project concerns with the other partners, such as, replacement of the management.
“But, for the moment, forget about the legalese, these investors were scattered around the world, doing whatever they did to accumulate the funds to invest, this was their first oil and gas investment and none possessed the knowledge, skill or experience for anyone to believe that they could provide any form of meaningful input into a Dan Lane joint venture!”
“Therefore, Dan Lane controlled all aspects of these joint venture, regarding the investors’ ability to, in fact, act in any meaningful way, as to influence the success or failure of these joint ventures. Dan Lane’s Joint Ventures were, completely and totally under his direct authority, period. Therefore, Dan Lane offered and sold drilling project that were “joint ventures”, in name only.”
“According to both the “Howey Test” and the “Williamson Test”, “investment contracts” were offered, sold and executed by the investors, period! Therefore, Dan Lane offered and sold unregistered securities via general solicitation by unlicensed agents.”
“These types of alleged illegal activities create, according to the SEC, FBI, U.S. Secret Service, etc., and based on our experience, a direct and documented pathway to alleged, interstate criminal fraud, including wire fraud, mail fraud, elder financial fraud and money laundering.”
“We have been able to document each of these allegations, along with several more and we fully expect State or Federal indictments based on past performances of our filed complaints!”
If you have had any contact, pro or con, with this organization or its associates, or wish to know more, please contact us at [email protected]
Disclaimer: Everything contained herein is the opinion of Colt Ledger & Associates, Inc. and the victims of Danick Resources based on, one, the direct relationship of the victims with Danick Resources, Dan Lane and his international, thug associates, two, the documents supplied to the Danick victims by Dan Lane and his thugs, three, the irrefutable, but “alleged” documented criminal fraud and money laundering allegations found in our federal complaints being prepared as this information is being posted, four, the individually prepared sworn statements of the victims, located world-wide and finally, the information previously supplied to law enforcement, which has led to multiple indictments, charges, plea deals and prison. Of course, everyone, herein, is considered innocent until proven otherwise in a legal forum.
We are the victims of Danick Resources, Inc., located at Tollway Towers North, 15770 N. Dallas Parkway, Suite 1000, Dallas, Texas, 75248
214-827-2222
DO NOT DO BUSINESS WITH THIS COMPANY OR THOSE ASSOCIATED WITH IT!
Danick Resources, Inc. and its management and officers have allegedly taken criminal advantage of us, possibly, including the “targeting” of the elderly, veterans and our American Heroes, Active Duty Military Personnel according to the SEC, FBI, U.S. Secret Service, U.S. Postal Inspectors, and other law enforcement and regulatory agencies.
Colt Ledger & Associates, Inc., the nation’s only private investigator specializing in State and Federal securities and criminal fraud and the money laundering that accompanies these crimes, has been hired for the expressed purpose of contacting Dan Lane, and the others mentioned above with a list of irregularities that we became aware of, through contact with State and Federal agencies with jurisdiction in the matter of offering and selling oil and gas Joint Ventures as non-securities; in direct opposition to the 9th and 10th Federal Appellate Courts and most Federal and State lower courts. We wanted Mr. Lane to explain and document his actions in light of our findings.
We, as investors, through our agent, Colt Ledger, have requested a complete accounting of the use of our investment funds after gathering information from the authorities that indicated that as much as 70% of investor funds go directly into the pockets of promoters, instead of being utilized to drill and produce what was indicated during their sales pitch and offering materials. If 70% or, for that matter, any of the funds are “skimmed”, “misappropriated” or “embezzled”, from the partnership, prior to drilling and completing the well/project, how successful could an “underfunded” project be? Our answer and the documented evidence, appears to clearly demonstrate that such activity is a financial catastrophe for the investor/s and a huge financial windfall for Dan Lane!
Colt Ledger, a seasoned veteran in dealing with bogus oil and gas promoters and their bogus ‘joint ventures’ said that, “After two attempts to open a line of civil discourse, with Dan Lane and/or his attorney, failed, I believe that the lack of concern and/or arrogance displayed by Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, and Nick Schrock regarding their clients’ concerns, indicates that this entire matter has become a ‘matter of public concern’. ‘Matters of public concern’, are protected under the First Amendment, the Texas Constitution and the Communication Decency Act, along with many other ways of conveying one’s opinion and/or ‘documented’ activities. ”
Colt Ledger also stated, “It is time to convey to the public these investors’ experience with a seasoned professional oil and gas promoter like Danick, from Danick’s initial general solicitation forward, including what the State and Federal agencies have shared with me regarding “illegal joint ventures” and the findings of our investigation, so that anyone contemplating doing business with Dan Lane or any of the other alleged con men named, herein, will be made aware of who they are and the, possible, consequences of doing business with any member of this group, i.e., the complete loss of your money.”
Colt Ledger summarized the futile attempts to have Mr. Lane provide answers to his clients’ concerns, “As stated above, I was hired to attempt to resolve several extremely serious, but alleged, criminal activities involving those named above. We have made two attempts to have these egregious, but alleged, matters, i.e., wire fraud, mail fraud, theft, elder financial fraud, veteran fraud, money laundering, the spending of laundered money, misappropriation and/or embezzlement of investor funds, and many other criminal allegations that we have now, irrefutably, thus far, documented regarding Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, and Nick Schrock. Thus far, those named, herein, have refused to rebut and provide proper legal documentation with their rebuttal. We can only extrapolate that they have no documented rebuttal to the allegations we have made against them!”
“All investors are legally entitled to a final certified independent audit regarding the utilization of their funds. And, any and all ethical businessmen have no problem providing the information requested to their investors, if they are, in fact, ethical businessmen. The only obvious reason Dan Lane will not provide the accounting information is, he knows he will be forever exposed as less than ethical and, possibly, as a criminal! Dan Lane, et.al, appears to have been caught with their pants down on his ankles, by this simple request.”
“The totally unverifiable, information that was provided to my clients, is apparently, according to Dan Lane, all his clients get for their $600,000 plus investment. The victims, apparently, are to trust Lane to be honest in his dealings with them, even though the authorities’ opinions and a multitude of court decisions all point to Lane, et.al, running alleged illegal joint ventures. It is alleged, that through highly embellished previous production numbers, i.e., ‘Danick’s track record’ aided by unsupervised and unscrupulous commissioned sales representatives, Lane allowed, my clients/his victims to believe that their funds were going to produce large returns based on his previous drilling and production records, his expertise and that of his geologist. It should be noted that Lane has failed to produce any form of a verifiable successful drilling history! In fact, we have failed to find a single investor that has recovered his/her initial investment, much less, any profits.
It appears, at this point, Dan Lane is a documented, complete and miserable failure, at drilling any commercially viable wells and has, thus far, provided his clients with only significant losses! Yet, in my opinion, he lives the lifestyle of a ‘Texas Oil Baron’!”
“Dan Lane has made a lot of money drilling ‘pisser wells’/low production and/or dry holes/no production. My question when dealing with these, alleged, Texas based oil and gas investment con artists is always, ‘how do they make so much money, while their investors lose all of their money? How do they make millions in profits from dry holes? Those are just some of the answers Dan Lane’s investors want to know! The answer to these questions will be answered by an independent certified and documented audit! That may be why Mr. Lane does not want his investors to know how he spent their money, much less, any attempts to answer the extremely serious allegations contained in my clients’ State and Federal criminal fraud and money laundering complaints, currently being prepared and finalized for filing with the proper authorities.”
“Danick Resources, Inc., Dan Lane, Nick Alexander, Luis Castillo, Nick Schrock, appear, according, to the documentation provided by Dan Lane, himself, his sales representatives Nick Schrock, et. al, did, in fact, greatly embellish and, apparently, lied to my clients, and, according to State and Federal law enforcement authorities, violated as many as 15 to 20 local, multiple State and Federal statutes per client, in their ‘normal course of doing business’. Because, of the egregious nature of these alleged and extremely serious criminal activities and the complete apathy of Dan Lane, et.al., I am legally, morally and ethically obligated to post and share this information as a ‘matter of public concern’!”
“At this point of impasse, created solely by Lane, it is my legal obligation to provide to the State and Federal authorities the same information we have provided in the past that has eventually led to 34 multiple criminal indictments and 32 guilty pleas. One of the remaining swindlers is facing life in prison so he has opted for a trial by jury and the other is awaiting his opportunity to plead guilty. I strongly believe that all of these Texas based oil and gas con artists should be put in prison for as long as possible and they should be utterly destroyed for intentionally perpetrating a known fraud scheme and targeting our elderly citizens and, more importantly, those that place their lives in harm’s way to protect America and its citizens.”
“These guys high five each other when they swindle a 70 to 80 year old man with dementia or an elderly widow out of their entire savings. Danick Resources and Dan Lane, intentionally, with, forethought and malice, has allegedly left our grandfathers and grandmothers destitute! But in Dan Lane’s case, he allegedly has built an organization, allegedly, aided and abetted by, Nick Alexander, Luis Castillo, Nick Schrock, et.al, that allegedly swindles America’s Heroes, members of our military, who are putting themselves in harm’s way protecting our country, out of their meager savings, for personal profit and gain!”
“Dan Lane, Nick Alexander, Luis Castillo, Nick Schrock, are, in my opinion, after exposing and documenting their activities, indeed extreme low-life individuals, even when compared to the hundreds or thousands of Texas based criminal enterprises run by oil and gas swindlers, that make their living and supply their families with their lavish lifestyle by, intentionally, scamming and destroying the remaining members of America’s “Greatest Generation” and simultaneously preying on our American Heroes, the sons and daughters that protect our country, past and present?”
“Going after each and every one of the individuals named, herein, has been and will continue to be, an extreme pleasure for me, personally, and our firm! They are, obviously, remarkably ignorant/uninformed or they have, intentionally, chosen to disregard the deluge of local, State and Federal Court decisions, past and present, regarding the proper operation and structuring of a ‘legal’ joint venture, the sale of unregistered securities and “targeting”. We have their alleged criminal activity, irrefutably, documented, primarily, using Dan Lane’s own offering materials and his communication with State and Federal agencies.”
“It is extremely important that the general public understand that there is absolutely no reason, to embellish, twist, conjure Dan Lane’s and/or his thugs’, cold, calculating, alleged “illegal” activity in order to create some ‘fictitious criminal scenarios’ to expose or leverage Danick, et.al. First, the authorities with whom we file would never accept or prosecute an obvious fraudulent complaint. Second, Dan Lane and Danick Resources has already exposed themselves, through the process of filing State and Federal documents and providing clients with documents and information, regarding their, thus far, undisputed, activities. I am simply gathering those documents and evidence they have already provided to their clients, Texas and several other State and Federal regulatory agencies and producing an interstate criminal fraud and money laundering complaint to spotlight those items and individuals. Dan Lane and his alleged thugs had already published, offered and sold their alleged interstate securities fraud schemes, before I ever became aware of their existence and/or their identities! Therefore, I am simply using their own documents, their attestation to their ‘alleged’ illegal activities, their intentional evasion of State and/or Federal securities and criminal statutues and regulations and the illegal manner in which they offered and sold securities and organized and ran their ‘Joint Ventures’, as sworn to by their victims and Dan Lane’s own offering documents, against them! I feel extremely confident, based on our past track record of indictments, that this group is going to wish they had been more forth right with their clients/victims!”
If you have had any contact, pro or con, with this organization or its associates, or wish to know more, please contact us at [email protected]
Disclaimer: Everything contained herein is the opinion of Colt Ledger & Associates, Inc. and the victims of Danick Resources based on, one, the direct relationship of the victims with Danick Resources, Dan Lane and his international, thug associates, two, the documents supplied to the Danick victims by Dan Lane and his thugs, three, the irrefutable, but “alleged” documented criminal fraud and money laundering allegations found in our federal complaints being prepared as this information is being posted, four, the individually prepared sworn statements of the victims, located world-wide and finally, the information previously supplied to law enforcement, which has led to multiple indictments, charges, plea deals and prison. Of course, everyone, herein, is considered innocent until proven otherwise in a legal forum.