SEC freezes assets of company accused of Texas oil and gas-themed Ponzi scheme

DALLAS — Federal regulators have frozen the assets of a Delaware company accused of swindling nearly 8,000 investors in a $485 million Ponzi scheme that falsely promised hefty returns on investments in the oil and gas business, officials said Tuesday.

Poll

Do you think Barack Obama is a good choice for Nobel Peace Prize

View Results

Comments

Show all Polls
Loading ... Loading ...

Latest Friend Feeds

Provident royalties

  • thelawbuzz Stockbroker Fraud: : Provident and Shale Royalties Investment LossesInvestors in Provident and Shale Royalties limited ..
  • bankruptcylaw1 Provident Royalties Chapter 11 Trustee Appointed
  • bankruptcylaw1 Provident Royalties Creditors' Committee Appointed
  • magu Provident Royalties Order Appointing Receiver
  • bankruptcylaw1 Provident Royalties Receiver Appointed
  • tubefeeds Provident Royalties Llc | Provident Royalties | Veromi
  • intellibitz SEC charges Provident Royalties in $485 million fraud http://r.reuters.com/wum48c
  • tubefeeds Provident Royalties | Provident Royalties Llc | Cnbc
  • petrbuben Provident Royalties
  • automotivenews US SEC charges Provident Royalties in $485 mln fraud - Reuters
  • govfresh SEC Accuses Provident Royalties Of Running $485M Fraud - Wall Street Journal
  • bankruptcylaw1 Provident Royalties Files for Chapter 11 Protection
Protected by Comment Guard Pro