Date: February 13, 2020
In San Antonio today, a federal jury convicted Brian Alfaro, owner of Primera Energy, LLC, of scheming to defraud investors in his company, announced Internal Revenue Service-Criminal Investigation (IRS-CI) Special Agent in Charge Richard D. Goss, Houston Field Office.
Following an eight-day trial, jurors convicted Alfaro of seven counts of mail fraud. Evidence presented during trial revealed that from January 2012 to June 2015, Alfaro offered individuals the opportunity to invest in numerous oil and gas prospects, including the Screaming Eagle 4H Prospect in Gonzales County, Screaming Eagle 6H Prospect also in Gonzales County, and Black Hawk Horizontal Buda #1 Prospect. Investors mailed investment checks to Primera in San Antonio. Alfaro told investors their monies would be used for expenses related to operation of the prospects, however, Alfaro used investor funds to support his extravagant lifestyle.
Alfaro, who was remanded into the custody of the U.S. Marshals Service following today's verdict, faces up to 20 years in federal prison for each mail fraud charge. Sentencing is scheduled for June 22, 2020, in front of U.S. District Judge Fred Biery.
The IRS-CI and FBI investigated this case. Assistant U.S. Attorneys Gregory J. Surovic and Robert Almonte are prosecuting this case on behalf of the government.