Fraud alleged in fracking water treatment case

April 26, 2015 5:28 PM

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The Colorado Division of Securities has issued a cease and desist order against a Texas firm and its owner, accusing the firm of telling investors the firm had invented new technology to dispose of water produced during natural gas extraction.

According to the securities division, Weldon Walker and his former company, Texas-based Premier Water Solutions, said investors' money would fund the purchase of property in New Mexico, where the technology would be developed.

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