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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.
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 ...
If some guy named "Han" tells you he's got investors from Petrobras and Morgan Stanley investing in a plastic-to-oil scheme, look up Petrobras or Morgan Stanley on the SEC's website, and see if ...
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 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 ...
In 1998, he bought into the Romanian insurance company Asirom, after investing $21 million. He sold those stocks in 2007, making a profit of $65 million. [5] He has been subject to many controversies, stemming from his business practices in the oil and gas industry. He has denied all charges.
With prices at the gas pump continuing to climb, you may be thinking it's a good time to invest in oil stocks. Before you call your broker or fire up your E-Trade account, here's what you need to...
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]