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SEC sues Henderson man, company for selling shares in dry oil wells

(via The Salt Lake Tribune) · December 13, 2012 · 1:06 PM

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.

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