May 09, 2019
A California federal court sided with the U.S. Securities and Exchange Commission and ordered four individuals to pay nearly $2 million for defrauding investors in an oil and gas drilling scheme whose money was largely used to fund personal expenses.
July 07, 2017
A supposed oil and gas drilling operation that raised $2.4 million by cold-calling investors from a California boiler room was really nothing more than a scam that lined the pockets of its owners and salesmen, the U.S. Securities and Exchange Commission claimed in a Thursday lawsuit.