Federal regulators have sued a St. George company and its owner, alleging he defrauded investors when he sold shares for only a $25,000 investment in oil wells in a field supposedly the size of those in the Middle East with a promised return of $20 million.
SEC sues Henderson man, company for selling shares in dry oil wells
Thu, Dec 13, 2012 (1:06 p.m.)
Join the Discussion:
Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.
Full comments policy