Raymond E. Fontaine Trust v. P & J Resources, Inc. (In re P & J Resources, Inc.)

MEMORANDUM OPINION

TRACEY N. WISE, Bankruptcy Judge.

At issue is whether the Defendant Debtors, Richard and Pamela Williams (collectively the “Williams”) and P & J Resources, Inc. (“P & J”), conducted an elaborate scheme to induce Mr. Raymond Fontaine and his friends and family, in their own right or as successors-in-interest to Mr. Fontaine, to invest millions of dollars in non-existent or ultimately worthless gas wells, thereby committing *844fraud in the inducement, conversion, and breach of contract for which the Plaintiffs are entitled to actual and/or punitive damages. If so, the second issue…