Guaranteed investment returns of 227% to 363% over six years. Sounds too good to be true, right? Not so fast. What if the oil and gas investment includes a guaranteed monthly stream of income for six years regardless of oil prices? Well, investors in 28 states took a piece of the action. During two years ending in 2016, 70 retail investors gave William J.Milles, Jr. and Donald J. Lutzko almost $4 million to invest in…

Betty Crocker’s mixing bowl must be spinning out of control to hear that a company called BitQyck, Inc. (not to be confused with Bisquick), has been scamming investors out of their hard-earned dough in yet another cryptocurrency securities investment fraud scheme. According to the SEC Complaint, a person investing $5,000 was supposed to receive “250,000 Bitqy Coins representing 25,000 shares of Bitqyck common stock.” For approximately two years, Bitqyck, and Texas owners Bruce Bise…

(By Julia Limitone published August 29, 2019, Technology–FOX Business) Famous con man explains the easiest way to outsmart scammers. ‘Scam Me if You Can’ author Frank Abagnale on how consumers can protect themselves from scams. Frank Abagnale, the former con-man that inspired the 2002 Steven Spielberg film “Catch Me If You Can,” said fraudsters can easily be outsmarted – all people need is the right tools and mindset. “Education is the most powerful…

For many years our law firm has represented elderly individuals from all over the United States who have invested in countless oil and gas companies. Unfortunately, these individuals came to realize their investments were based on a fraud. Our experience in oil and gas fraud litigation has exposed some of the following: Target the elderly as they are an “easy sell” Try to convince the elder person that there is no need to discuss…

“Money Doc” Sickens Retirees. When every week brings a new financial fraud discovery, a Ponzi scheme raising almost $20 million may seem like yesterday’s news. But Texas resident and radio host, William Neil “Doc” Gallagher managed to place 60 senior citizen’s retirement in substantial jeopardy. The victims of the self-proclaimed “Money Doc” ranged from 62 to 91 years of age, and trusted Gallagher with their retirement funds. Through the three different entities Gallagher used, he…

What happens over three million times a day? According to a 2018 Fortune article, the answer can be found in the Texas and New Mexico Permian Basin. Oil and Gas Production. “Oil production in the Permian soared to 3.2 million barrels per day in May. And it helped push total U.S. production above 10.2 million barrels per day in February …, according to the U.S. Energy Information Administration (EIA). In April, an average of 449…