Articles Posted in Oil and Gas Fraud

SEC Charges Unregistered Sales Agent for Improperly Soliciting Investments in Oil and Gas Ventures

Securities and Exchange Commission v. Chad Anthony Lewis, No. 18-cv-61869 (S.D. Fla. filed August 13, 2018)

On August 13, 2018, the Securities and Exchange Commission filed a civil injunctive action against Chad Anthony Lewis, a Kentucky resident for unlawfully acting as an unregistered broker and selling unregistered investments in two oil and gas companies based in Texas.

Securities and Exchange Commission v. Chad Anthony Lewis, No. 18-cv-61869 (S.D. Fla. filed August 13, 2018)

Recently, the Securities and Exchange Commission filed a civil injunctive action against Chad Anthony Lewis, a Kentucky resident for unlawfully acting as an unregistered broker and selling unregistered investments in two oil and gas companies based in Texas.

The SEC’s complaint, filed in the U.S. District Court for the Southern District of Florida, alleges that Lewis illegally solicited and raised money from investors for Aegis Oil, LLC and 7S Oil & Gas, LLC. Both of these companies offered and sold unregistered securities in the form of “joint venture units” in oil and gas development projects located in Texas.

Securities and Exchange Commission v. Alexander Charles White and Paul Douglas Vandivier, No. 18-cv-61870 (S.D. Fla. filed August 13, 2018)

Recently, the Securities and Exchange Commission filed a civil injunctive action against two sales agents for unlawfully acting as unregistered brokers and selling unregistered investments in two oil and gas companies based in Texas.

The SEC’s complaint, filed in the U.S. District Court for the Southern District of Florida, alleges that Alexander Charles White and Paul Douglas Vandivier illegally solicited and raised money from investors for Aegis Oil, LLC and 7S Oil & Gas, LLC. Both of these companies offered and sold unregistered securities in the form of “joint venture units” in oil and gas development projects located in Texas.

Arcturus Corporation, et. al. – Boca Raton, Florida Fraudulent Oil and Gas Investment Litigation and Arbitration Attorney

Securities and Exchange Commission v. Arcturus Corporation, et al., Civil Action No. 3:13-cv-04861-K (N.D. Tex.)

Promoters of Fraudulent Oil and Gas Investments Found Liable On All Claims

Gregory G. Jones and Aquaphex Total Water Solutions – South Florida Oil and Gas Fraud and Misrepresentation Litigation and Arbitration Attorney

Securities and Exchange Commission v. Aquaphex Total Water Resources and Gregory Jones, Civil Action No. 4:15-cv-00438-A, (NDTX, filed June 10, 2015)

Texas Lawyer Admits to Conducting Fraudulent Offering

North Dakota Developments, LLC., Robert L. Gavin and Daniel J. Hogan – South Florida Securities and Investment Fraud and Commercial Litigation Attorney:

Securities and Exchange Commission v. North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et. al., Civil Action No. 4:15-cv-00053-DLH-CSM (D.N.D.)

SEC Halts Bakken Oil and Gas-Related Investment Scheme

Sethi Petroleum, LLC and Sameer Praveen Sethi – Fraudulent Oil and Gas Scheme – South Florida, including Boca Raton, Fort Lauderdale and West Palm Beach, Commercial Litigation Attorney

Securities and Exchange Commission v. Sethi Petroleum, LLC and Sameer Sethi, Civil Action No. 4:15-CV-338 (E.D. Tex.)

SEC Halts Fraudulent Oil and Gas Scheme and Obtains Asset Freeze and Appointment of a Receiver Over Sameer Sethi and Sethi Petroleum, LLC

South Florida Oil and Gas Fraud and Misrepresentation Litigation and Arbitration Attorney

Securities and Exchange Commission v. GC Resources, LLC and Brian J. Polito, Civil Action No. 3:15-CV-0104-B, (NDTX, filed April 6, 2015)

 

SEC Charges Oil and Gas Company and Founder with Fraud

Boca Raton, Florida Oil and Gas Private Offering Litigation and Arbitration Attorney:

What could possibly go wrong with an oil and as private offering?

The oil and gas industry is often in the news.  Because of this, some people have used the appeal of “striking it rich” with a gushing well as a basis for fraudulent schemes.  The SEC and the states have brought a number of cases involving “great opportunities” that turned out to be scams. Investors lost some or all of their investments.  Many scams shared the same themes.

Boca Raton and South Florida Oil and Gas Investment Fraud and Misrepresentation Litigation and Arbitration Attorney

Oil and Gas Investment Programs:

Most oil and gas investment opportunities, while involving varying degrees of risks to the investor, are legitimate in their marketing and responsible in their operations. However, as in many other investment opportunities, it is not unusual for unscrupulous promoters to attempt to take advantage of investors by engaging in fraudulent practices.

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