As reported in several media outlets, one of our clients, Sunthenoil, LLC sued Robert Dunlap (“Dunlap”) in Harris County, Texas. Our client had invested a substantial amount of money with Mr. Dunlap. After Sunthenoil hired our firm, we reviewed the controlling documents and quickly realized that this investment was a scam.
Background. In 2012, Dunlap approached the plaintiff and represented that he [Dunlap] was raising funds with the objective of investing them in several businesses which would result in substantial returns for his investors.
During several communications, Dunlap represented that upon receipt of plaintiff’s money – $600,000.00 – he would take action which would lead to a significant return on its investment for the plaintiff. The parties executed a contract to that end. Later, Dunlap represented to plaintiff that additional funds were needed to finalize this transaction. As a result, these parties executed an amendment to their contract.