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SEC Says Breitling Energy CEO Directed $80M Fraud

By Keith Goldberg (June 24, 2016, 2:16 PM EDT) -- The U.S. Securities and Exchange Commission on Friday sued the head of Texas oil and gas firm Breitling Energy Corp., claiming that he orchestrated a fraud with seven colleagues that scammed investors out of $80 million over a five-year period and spent millions in investor funds on strip clubs and other personal expenses....

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