Texas Men Ran $17 Million Oil and Gas Investment Fraud, SEC Says

摘要

Two men used their company to run a fraudulent oil and gas investment scheme that raised more than $17.4 million from investors who were falsely promised returns without risk, the SEC told a federal judge in Texas.Paul W. Haarman and Patrick E. Duke used APEG Energy GP LLC to convince 115 investors to purchase limited partnership securities and pocketed nearly $2.7 million for themselves, the Securities and Exchange Commission says in a complaint filed in the U.S. District Court for the Western District of Texas.