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...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Shields et al

Case Number




Nature of Suit



Robert E. Blackburn

Date Filed

August 15, 2011

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.