Louisiana Ethics Administration Program
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2025-171
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Entry Properties
Last modified
7/7/2026 4:22:26 PM
Creation date
7/2/2026 11:39:41 AM
Metadata
2025-171
Fields
Template:
Opinion Item
Opinion Type
Consent Opinion
Docket Number
2025-171
Parties Involved
LORA
Chromos Wealth Solutions, LLC
Andrew Berthelot
Johnny W. Adams
Agency at Issue
Louisiana State Office of Conservation
Decision Date
7/2/2026
Law
1117
Caption
Louisiana Oilfield Restoration Association, Inc., Chromos Wealth Solutions, LLC, and Andrew Berthelot violated Section 1117 of the Ethics Code by virtue of transferring a thing of economic value to Johnny W. Adams which he was prohibited from receiving pursuant to 1115A of the Ethics Code.
Ethics Subject Matters
Gifts
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Ethics Board Docket No. 2025-171 <br /> Page 5 of14 <br /> Chromos by check dated September 21,2023. An additional$587,679.99 was paid to Chromos on <br /> October 10, 2023. <br /> 10. <br /> Chromos used the funds received in payment of the Adams-Chromos Loan to repay the <br /> Chromos-LORA Loan. Chromos withdrew $200,000 from its checking account on October 5, <br /> 2023.LORA deposited$200,000 into its checking account on October 5,2023. Chromos withdrew <br /> $577,933.61 from its checking account on October 23, 2023. LORA deposited $577,933.61 into <br /> its checking account on October 23, 2023. <br /> IV. <br /> PROVISIONS OF LAW: <br /> 1. <br /> Section 1115A of the Ethics Code prohibits a public servant from soliciting or accepting, <br /> directly or indirectly, any thing of economic value as a gift or gratuity from any person or from <br /> any officer,director,agent,or employee of such person,if such public servant knows or reasonably <br /> should know that such person has or is seeking to have a contractual, business or financial <br /> relationship with the public servant's agency. Section 1115A of the Ethics Code provides in <br /> pertinent part: <br /> §1115. Gifts <br /> A. No public servant shall solicit or accept, directly or indirectly, any thing of economic <br /> value as a gift or gratuity from any person or from any officer,director, agent, or employee <br /> of such person, if such public servant knows or reasonably should know that such person: <br /> (1) Has or is seeking to obtain contractual or other business or financial relationships with <br /> the public servant's agency, or <br />
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