On March 3, 2017, Stanley Jonathan Fortenberry was sentenced in the Northern District of Texas to 78 months in prison, as well as $890,310 in restitution and $311,254 in forfeiture, for running two investment fraud schemes and obstructing an SEC investigation.  The schemes, which ran for more than four years and defrauded investors out of approximately $900,000, raised funds for social media projects and an oil and gas drilling project but misled investors about the companies.  The oil and gas drilling project scheme, which ran out of a company called Wattenberg Energy Partners, was set up in Fortenberry’s son’s name because Fortenberry was already under investigation by the SEC at that time.  At an administrative hearing with the SEC, Fortenberry falsely denied having control of or working for Wattenberg Energy Partners.  Fortenberry pled guilty to two counts of mail fraud and one count of obstruction of justice on November 18, 2016.  United States v. Fortenberry, 6-cr-00021 (N.D. Tex.). DOJ press release