The Best Lawyers In America
Learn about the awards our firm has earned and how they can benefit you.
There Is No Risk To You
We work on a contingency fee basis, so you pay only if we win your case.
Do You Have A Claim?
Request a free consultation today to learn how Meyer Wilson can help you.
There are legitimate oil and gas investments, but there are also deals
riddled with problems. Scammers prey on hot trends and opportunities.
Unfortunately, it is often difficult to identify the scams from the genuine
investments. The North American Securities Administrators Association
(NASAA) released a warning about oil and gas investment fraud. Scam artists
have been using the fluctuating oil prices to their benefit. According
to the NASAA, when there is opportunity for money to be made, scammers
follow in the shadows to take advantage of the situation.
There are various types of oil and gas investments, which the NASAA lists
Scam artists know how to structure deals so it is difficult to identify
that they are actually investment schemes. A typical oil and gas scam
might have a limited partnership in one state and a physical location
in another. These unscrupulous individuals will then offer the investments
to people in states other than where the limited partnership was created
and where operation is located. This discourages investors from ever visiting
the oil field or company headquarters.
If someone has approached you to invest in an oil and gas venture, be cautious.
You need to do your homework before investing any money. You should look
into the following:
Choose a Firm with Accolades:
Investment Misconduct Blog
Texas-based financial advisor David Wayne Krumrey (CRD# 4121845) was terminated from the brokerage firm of Oppenheimer & Company relating to allegations that he violated ...
Bernie Madoff was arrested for stealing $64.8 billion from investors in the single largest Ponzi scheme in United States history less than a decade ago, but Americans are ...
The Financial Industry Regulatory Authority (FINRA) permanently barred registered representative Lisa Lowi for failing to provide on-the-record testimony sought by the ...