A second Permian Basin company is facing an SEC lawsuit for defrauding its investors, Earther reports. Just a week after the Securities and Exchange Commission sued Heartland Group Ventures LLC, a Permian fracking company, for defrauding its investors and running a Ponzi scheme, it filed a suit against Marco “Sully” Perez and his “company” for defrauding more than 265 investors out of more than $9 million. Perez allegedly used the Ponzi scheme to fund his “extravagant lifestyle,” spending cash on “luxury cars, a helicopter, private jet travel, and jewelry” along with his wedding on the Queen Mary. (Earther)