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LBS Petroleum, LLC v. Demir et al
Case Number:
1:15-cv-22880
Court:
Nature of Suit:
Judge:
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August 07, 2015
Investor Forum-Shopping Ponzi Suit, Drilling Cos. Claim
A group of Kentucky-based oil-drilling businesses and the couple that runs them urged a Florida federal judge Thursday to dump an investor's proposed class action alleging they produced falsified financial statements to further a $5 million Ponzi scheme, arguing the claims are without merit and are already being litigated in state court.
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August 03, 2015
Oil Drilling Investor Class Alleges $5M Ponzi Scheme
A putative class of investors filed a complaint Monday in Florida federal court against a group of Kentucky-based oil-drilling businesses and two individuals who have allegedly produced falsified financial statements to further a $5 million Ponzi scheme to enrich themselves with company investments.