Oil Investment Co. Wants Atty's Fraud Testimony Nixed

Law360, New York (August 25, 2011, 5:44 PM EDT) -- An energy investment firm accused of fraud asked a Colorado federal judge on Wednesday to keep a U.S. Securities and Exchange Commission lawyer from testifying its CEO spent investors' money on a Learjet, vacation homes, cars and other lavish items.

Geodynamics Inc. — sued Aug. 15 by the SEC for allegedly defrauding investors out of more than $5 million — argued that SEC attorney John C. Martin, who investigated the Denver-area business, had no firsthand knowledge of the company or its CEO, Jeffory Shields. The SEC...
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