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
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