Republican Vance McAllister’s misconduct has left his conservative district up for grabs
The freshman congressman, according to financial disclosure documents filed with the House of Representatives, serves as managing director, with a 50 percent ownership stake, of an oil-and-gas exploration company called Texas Coastal Energy, and in the course of a legal dispute with the company, a former employee recently described it as a “Wolf-of-Wall-Street-type environment replete with illegal drugs, high-stakes gambling, prostitutes, extramarital interoffice affairs, and ubiquitous sexual innuendo.”
McAllister himself is not named in the documents, and his role in the alleged scandalous behavior is unknown, but, according to financial-disclosure forms filed with the House of Representatives, his largest investment by far is in the company, which he co-founded in 2010. His ownership stake is worth $5 million to $25 million.
Texas Coastal Energy, according to a legal complaint filed by a former employee in August, was awash in inappropriate or even illegal activity ranging from drug use to sexual harassment and the misuse of investment funds