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
Oil and Gas Fraud Lawyer Blog
The Oil and Gas Fraud Lawyer Blog, published by Mark A. Alexander, P.C., focuses on legal issues related to investment fraud within the oil and gas sector and other commercial investment schemes. The blog covers topics such as Ponzi schemes, commodity pool fund fraud, real estate investment fraud, and strategies for recovering stolen investments. It discusses legal approaches to asset recovery, fraudulent transfer claims, third-party liability, and the importance of timely legal action in fraud cases. The blog also addresses the practical realities of commercial litigation involving business fraud, misrepresentation, and complex financial disputes, providing insights into protecting investors and pursuing recovery through litigation.
Latest from Oil and Gas Fraud Lawyer Blog - Page 6
Scam Me If You Can
(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,…
Fraud On The Elderly
Retirement Savings. Here Today. Gone Tomorrow.
“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…
When Oil Flows, Fraud Festers
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…
Texas Oil and Gas Investment Scam Unfolds Like Television Drama
Is everything bigger in Texas?
The latest oil and gas investment scam to catch the SEC’s attention involves AmeraTex, Lewis Oil Corp. and Lewis Oil Co., along with Thomas Lewis (Kentucky), Damon Fox (Rowlett), and Brian Bull (Dallas). The case…
Oil & Gas Fraud: Pay No Attention to the 27,000 Dry Holes
Brandon Davis, named one of the “Top 40 under 40” by the Denver Business Journal, recently lost an eight-year battle representing himself, Heartland Energy Development Corporation (HEDC) and others in a Denver District Court. The Colorado Securities Commissioner plans to…
Oil & Gas Fraud – Even Employees Get in on the Action
How many people does it take to steal $4.3 million?
Allegedly, one. Justin Foust of Oklahoma faces eight counts of wire fraud, two counts of aggravated identity theft and one money laundering charge as of January 2018. While this may…
$8.5 million for Perpetrating Oil and Gas Fraud, and Still Going, Going, Going…
Penn West Petroleum, Ltd d/b/a Obsidian Energy Ltd. recently agreed to pay $8.5 million in civil penalties in settling SEC charges. According to an SEC Litigation Release , Penn West’s former CFO, Todd Takeyasu, and former vice president of accounting…
OIL AND GAS INVESTMENT SCAM–-THESE SCAMS ARE NEVER DRY
William Veasey, founder of Texas based Petroforce Energy LLC, raised nearly $4 million in four allegedly fraudulent oil and gas offerings from approximately 80 investors. The Fort Worth SEC office investigated the dealings, and now both Veasey and Petroforce have…