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Securities and Exchange Commission v. Team Resources Inc et al

  1. January 12, 2022

    High Court Ruling Spurs SEC Fight Over $2.9M Disgorgement

    A pair of oil companies say they should be allowed to present evidence undercutting a $2.9 million disgorgement award being sought by the U.S. Securities and Exchange Commission that was already trimmed once by the U.S. Supreme Court in 2020.

  2. November 06, 2019

    5th Circ. Says Oil Co. Owner Must Disgorge $15.5M To SEC

    The Fifth Circuit has upheld a Texas district court's order that the owner of an oil company disgorge $15.5 million for his alleged role in an investment scam, days after the Supreme Court agreed to consider whether the SEC can seek disgorgement in federal court.

  3. June 05, 2018

    SEC Scores $36.4M Judgment Against Oil and Gas Fraudsters

    A Texas federal judge on Monday entered a $36.4 million order against two California companies, their owner and two of his sales associates to resolve the U.S. Securities and Exchange Commission's allegations that they duped investors into buying interests in oil and gas limited partnerships.

  4. November 15, 2017

    Associate Settles For $2.7M In SEC Oil And Gas Fraud Suit

    A sales associate linked to a scheme that convinced investors to purchase interests in oil and gas limited partnerships has agreed to pay $2.7 million to settle pending securities-law violation claims against him, the Securities and Exchange Commission told a Texas federal court Wednesday.

  5. October 05, 2017

    SEC Seeks $17M Disgorgement In Alleged Oil And Gas Fraud

    The U.S. Securities and Exchange Commission on Thursday urged a Texas federal court to order two California companies, their owner and two of his sales associates to fork over close to $17 million in proceeds from what the agency has alleged was a scheme that duped investors into buying interests in oil and gas limited partnerships.