Gregory Keith Rand, William Nicholas Rand, Mark Albert Rand, William Anthony Rand, and Joel William Petersen

Gregory Keith Rand, William Nicholas Rand, Mark Albert Rand, William Anthony Rand, and Joel William Petersen (all Dallas area residents) were indicted May 6, in the U.S. District Court, Northern District of Texas, Dallas Division, cause no. 3:09-CR 120-P, on charges of securities fraud, mail fraud, wire fraud, conspiracy to commit such fraud, money laundering, and engaging in illegal monetary transactions. The men allegedly committed these offenses involving oil and gas ventures with Aspen Exploration, Inc.