We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Sues Braintree Energy Over $9M Scam

Law360 (February 21, 2007, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has slapped Braintree Energy Inc. with a civil fraud complaint, alleging the company scammed investors out of more than $9 million by using exaggerated profit projections to sell fractional interests in oil and gas leases.

The SEC’s complaint, filed Tuesday in Massachusetts, named Braintree Energy and its principal, Howard Graham of Ontario, Canada, as defendants.

Documents and oral representations from Braintree and Graham told investors they could expect their principal back in less than a year, and projected that investors...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.