Austin oil and gas financiers who took lavish vacations plead guilty to defrauding investors in Ponzi scheme

Robert Allen Helms and Janniece Kaelin, Austin business partners who sold themselves as oil and gas financiers, pleaded guilty Tuesday in federal court to scamming investors out of as much as $20 million.
From January 2010 to December 2013, the two told used money raised for energy ventures to instead take care of personal expenses, according to a U.S. Department of Justice statement. That included a Hawaiian wedding for one of their daughters that cost $247,415 and a trip around the world with…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal

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