January 15, 2020
The U.S. Securities and Exchange Commission picked up four default judgments on Wednesday that order a combined $50 million in disgorgement against three convicted fraudsters and a company they used in an oil investment Ponzi scheme.
August 11, 2017
Prosecutors announced Friday that two men were arrested and two previously pled guilty to charges they raised $15 million by falsely claiming investors would make impressive profits in oil and gas projects, then used two-thirds of the cash to benefit themselves and advertise to new investors.