Las Vegas Sun

April 20, 2024

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

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.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy