“Frack Master” accused of $80m investment fraud

A leading proponent of UK shale gas who advised parliaments on fracking is facing allegations of defrauding investors of $80m over the past five years.

Chris Faulkner, the head of a US fracking company who adopted the title Frackmaster, is also accused of spending at least $30m of investors’ money on lavish meals, travel, cars and entertainment.