August 27, 2015 – Iowa Insurance Commissioner Nick Gerhart announced today that he has issued a summary order to cease and desist to Carson Energy, Inc. of Austin, TX, Earl Carter Bills II of Austin, TX, Anthony Weber of Austin, TX, and Jerrold S. Rothouse of Austin, TX. Gerhart also ordered the payment within 30 days of more than $2.1 million in restitution for 14 Iowans and legal fees associated with charges of unregistered securities and securities fraud.
“We have alleged that Iowans have been defrauded out of more than $2.1 million in an unregistered gas and oil investments,” Deputy Commissioner Doug Ommen said. “The Iowa Insurance Division is here to help protect our citizens from fraudulent schemes and whenever we see unlawful behavior, we try to move swiftly to take action.”
Carson Energy, Inc., Bills, Weber and Rothouse may request a hearing on the summary order and statement of charges within 30 days. If no hearing is requested the summary order is final.
The Iowa Insurance Division is available to assist Iowans that believe they have been a victim of insurance or securities fraud. More information is available at http://www.iowafraudfighters.gov/or by calling the Iowa Insurance Division toll-free at 877-955-1212.