Sanjit Bhattacharya is Accused of Data Theft and Fraud (2023 Update)

Olena Ivanova By Olena Ivanova
10 Min Read

Originally Syndicated on June 21, 2023 @ 8:40 am

Entrepreneur and property developer Sanjit Bhattacharya claims that he hails from Edmond, Oklahoma. Before refocusing on real estate in 2000, his career started in marketing. He currently serves as the CEO and Founder of Red Stone Resources and is essential to several other businesses, including STK Homes.

Sanjit Bhattacharya has over 25 years of company development expertise. The businessman is a Cameron University alumnus from Lawton, Oklahoma, and he frequently speaks at conferences and events for his sector.

Where is Sanjit Bhattacharya Right Now?

The oil and gas firm Red Stone Resources’s president and founder is Sanjit Bhattacharya. Additionally, he is a co-founder of Red Stone Renewables and STK Homes. He claims that he is a well-known businessman and is also engaged in other projects, including STK Development, STK Construction, Affinity Investments, JDM Developments, Arzoo & Associates, Elegance in Stone, Shakti Energy, and STK Financials.

Red Stone Resource 

Red Stone Resources website claims that it is an oil and gas firm that was founded in 2007 by its president and founder Sanjit Bhattacharya. The business’s main business is purchasing and selling mineral rights. Red Stone Resources has expanded tremendously under the knowledgeable leadership of Sanjit Bhattacharya. The business is headquartered in Edmond, Oklahoma, where he was born and raised, and it also has regional offices in Texas, Pennsylvania, and Oklahoma.

At Red Stone Resources, Sanjit Bhattacharya and his staff are dedicated to excellence and ethics while also sharing their success with their business partners. To fulfill the rising demand and continue to offer customers the level of service they have come to expect from Sanjit Bhattacharya’s team, the company continues to seek out and purchase new oil and gas properties.

About Sanjit Bhattacharya

Sanjit Bhattacharya claims that he has built businesses and has been an entrepreneur for 25 years. He is the company’s founder and president, as well as those of the related firms. Significant positions in the Bakken, Haynesville, STACK, SCOOP, and MERGE plays have been developed by Red Stone. In 2016, Red Stone began drilling in the Marcellus and Utica plays, and it is now extending its reach into the Permian-Midland and Delaware basins.

Under Sanjit Bhattacharya’s leadership, Red Stone and its predecessor companies have successfully acquired and sold a sizable number of mining and non-operating assets since 2007. Sanjit Bhattacharya is a regular speaker at a variety of business conferences and events and holds a business administration degree from Cameron University.

Data theft and fraud are being committed by Red Stone Resources, LLC and Energy Advisors Group through David Kessler (Allegations)

I’ve known Ronny Wise, the owner of PLS, Inc., now Energy Advisors, for approximately 35 years, and during that time he’s tried unsuccessfully to buy my business. He has long wanted the database I’ve compiled of all the global E&P firms and companies that finance them. There is nothing like it in the industry, and our crew has been updating it daily for more than 35 years. 

Because my personal friends were also included in this information and were subsequently being approached inadvertently by other organizations, I discovered it in the hands of other businesses when Mr. Kessler departed my organization following all of his criminal activities and theft.

Since my database is international and Ronny’s client base has always been exclusively local, I suppose when Mr. Kessler went to Ronny with my database, the temptation was too great to pass up, and since this happened Ronny has grown to London and Paris. One of Ronny’s former workers called me and informed me that they left the company because they wouldn’t steal data from other businesses and that Ronny is now suing them for being a “whistleblower” because of their actions.

Since I’ve known Ronny for close to 35 years, I had hoped that he would cooperate with me to ensure that Mr. Kessler is put behind bars where he belongs. Instead, he simply said, “Let me know who your personal friends are, and I will remove them from my database,” which was an admission of theft.

I apologize for “airing all this dirty laundry” with you, but those of us who conduct business honestly and fairly mustn’t encourage dishonest individuals.

I’m afraid to admit that a lot of the data being used to promote your assets was stolen from my business, and there might be legal repercussions as a result.

I warn everyone to avoid doing business with these organizations because they engage in fraud and the use of stolen goods. The management of these organizations is listed below.

Sanjit BhattacharyaPRESIDENT
-Shan BhattacharyaEXECUTIVE VICE PRESIDENT
-Clayton DeeringSENIOR RESERVOIR ENGINEER
-Senneca StoneOPERATIONS MANAGER APPALACHIA
-Steve NathGEOLOGICAL ADVISOR

Please be aware that the Energy Advisors Group and David Kessler will be the targets of federal indictments for theft of property across state lines, embezzlement, fraud, etc. Any company connected to this company could also be named in the indictment, which could include the owners of these companies. Since this entails utilizing stolen property to demonstrate the services it has contracted for, I would advise any business doing business with this outfit to stop right once.

Additionally, any criminal prosecutions will be made public, so any businesses that do not take this seriously will have their involvement exposed to the public.

Taking into account the aforementioned, I would advise that this company be avoided at all costs.

About the case

(Source)

Plaintiff- Aldo A. Battiste, Jr
Defendant- Sanjit Bhattacharya

ALLEGATIONS IN GENERAL

-Quatro Amici, LLC (the “Company”) is an Oklahoma Limited Liability Company established on or around May 1, 2007, per the Oklahoma Limited Liability Act, 15 Okla. Stat. 2000 et seq. The original roster of the Company consisted of the Defendant, Battiste, Marty Franzoy, and Jay Vandenbos. The managing member is the defendant. The Company works in the oil and gas exploration industry.

-On or around May 1, 2007, all of the Company’s members signed an operating agreement. The Operating Agreement is attached as Exhibit 1 and is a true copy.

-According to the Operating Agreement, the Company shall keep all of its records in its principal place of business or another place determined by the Manager, and any Member may inspect and review those records.

-By way of his attorney, Battiste mailed Defendant a request on February 9, 2012, requesting access to the Company’s records. The request to see the Company’s records was delivered via certified mail to the Defendant’s last known address, but he refused to accept delivery.

-Until now, Defendant has not permitted access to the Company’s records or explained its financial standing.

Verdict Against Sanjit Bhattacharya

The plaintiffs’ application for discovery sanctions according to 12 Okla. Stat. 3237 for a default judgment of $150,000.00 was heard on the 21st day of December 2012 before the Honorable Roger H. Stuart, District Judge in and for the District Court of Oklahoma County of the State of Oklahoma. 

Aldo A. Battiste, Jr., the plaintiff, came with assistance from attorneys Robert Dace and Elizabeth Bowersox, and Sanjit Bhattacharya, the defendant, arrived with assistance from attorney Stefan Doughty. The Court determines that default judgment should be granted and is therefore GRANTED after hearing the parties arguments and taking into account the briefs they submitted.

“If the defendant has complied with the court’s order from September 21, 2012, requiring discovery responses, the defendant may ask the court to overturn the judgment in a petition within thirty (30) days.

THEREFORE, IT IS ORDERED that a judgment against the defendant of $150,000.00 be entered.”

Court documentation

What do you think of Bhattacharya? Let us know in the comments.

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