Ex-San Antonio lawyer Chris Pettit sold multiple properties to same buyer before massive bankruptcy

Less than two months before Christopher “Chris” Pettit’s San Antonio law firm collapsed amid allegations that he stole millions of dollars from clients, he entered into a series of peculiar real estate transactions. He sold at least seven properties in the San Antonio area to the same buyer — Sin Reposo LLC. Among them was Pettit’s main law office building at 11902 Rustic Lane. Sin Reposo also entered into an option to purchase the mansion at 555 Argyle Ave. in Alamo Heights overlooking Olmos Dam, according to a bankruptcy court filing this week. And it has acquired the property at 200 Alameda Circle in Olmos Park from Pettit in January. The nine properties are valued at more than $10 million.

Sin Reposo’s sole member and manager is Garrett Glass, who also serves as chief financial officer of EF EnergyFunders Inc., an oil and gas investment company that’s based in Calgary but maintains its executive offices in San Antonio. It appointed him to the post in March. Pettit had a connection to EnergyFunders until allegations that he had looted clients became public. On May 20, a day after the Express-News first reported on his legal troubles, Pettit resigned from the board of EnergyFunders, a penny-stock firm that trades on the TSX Venture Exchange in Canada. More than a dozen lawsuits were filed against Pettit and his law firm, Chris Pettit & Associates, before both filed Chapter 11 bankruptcy June 1. Pettit listed $27.8 million in assets and $115.2 million in debts in his personal bankruptcy, making it among the largest ever in San Antonio. The bankruptcies put a hold on the litigation.