SEC Says Texas Co., CEO Lied About Value Of Oil Reserves
By Ed Beeson ( August 4, 2014, 7:39 PM EDT) -- The U.S. Securities and Exchange Commission on Monday charged a Texas-based oil exploration company and its chief executive with making phony claims about the oil reserves held in a South American concession they were drilling and also accused a stock promoter of receiving undisclosed compensation to further the ruse....
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