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NEWARK−A Belmar man who authorities say ran a scam he called an "investment club" for more than 35 years, taking some $5 million from 30 investors, many of them elderly, and spending the money ...
The huckster in question, Michael Han, and his company, West Palm Beach-based Envion, had offered the prospect of taking scraps of plastic waste, originally manufactured from oil, and converting ...
The San Angelo Police Department is warning the public about a scammer targeting businesses in the oil field and gas supply sectors. "An individual, posing as a legitimate buyer, has been ...
On August 1, 2008, the WexTrust Investment firm was shut down by the SEC, charging that WexTrust and two of its owners (Joseph Shereshevsky of Norfolk, Virginia, and Steven Byers of Oak Brook, Illinois) operated a Ponzi-type scheme by promising unusually high returns to earlier investors and paying them with money raised from later investors.
Schooley was a “wildcatter” in the oil and gas business during the oil boom of the late 1970s, and continued through the 1980s into the 1990s before going to work for Merrill Lynch. [ 5 ] [ 12 ] Schooley is currently involved in the acquisition of oil and gas leases and owns interests in various oil and gas producing properties.
The Oxford Club is an independent financial research publisher and a private network of investors and entrepreneurs, headquartered in Baltimore, Maryland. [ 1 ] [ 2 ] It has more than 120,000 members [ 3 ] in 100 countries. [ 2 ]
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In early July 2008, the price of oil briefly closed above $145 per barrel. By the beginning of September 2008, the price of oil settled to under $110 per barrel. By October 9, 2008, the price plummeted back below $85 per barrel. As of November 21, 2008, the price of oil had fallen below $50 a barrel, mostly riding fears of a global recession. [70]