Articles Posted in Limited Partnership Fraud and Mismanagement

Boca Raton, Florida Preferred Stock and Limited Partnership Fraud and Misrepresentation Attorney: SEC Charges Principals of a Texas Oil and Gas Company with Conducting a Fraudulent Offering of Preferred Stock and Limited Partnership Interests, and Charges Seller with Acting as an Unregistered Broker Securities and Exchange Commission v. Paul R. Downey, et al., Civil Action…

Oil and Gas Limited Partnerships and Oil and Gas Offering Fraud, Misrepresentation and Mismanagement – South Florida, including Fort Lauderdale, Pompano Beach, Deerfiled Beach, Boca Raton, Boynton Beach, Delray Beach, Lake Worth and West Palm Beach, Litigation and Arbitration Attorney An oil and gas limited partnership is legally set up using the same format as…

Florida Oil and Gas Fruad, Misrepresentation and Ponzi Scheme Litigation and Arbitration Attorney: The Securities and Exchange Commission recently announced charges and an emergency asset freeze against the perpetrators of a Texas-based Ponzi scheme involving purported investments in oil and gas projects. The SEC alleges that Robert A. Helms and Janniece S. Kaelin, who work…

The Securities and Exchange Commission Halts a Texas-Based Scheme Targeting Foreign Investors Seeking U.S. Residency Through EB-5 Visa Program: The Securities and Exchange Commission recently announced fraud charges against a husband and wife in Texas for stealing funds from foreign investors under the guise of an investment opportunity to create U.S. jobs and a path…

Securities and Exchange Commission v. Ronald E. Walblay, Energy Securities, Inc., and RyHolland Fielder, Inc., Civil Action No. 9:13-cv-80978 (S.D. FL.) The Securities and Exchange Commission recently charged the owner of two Florida-based companies with defrauding investors in five oil and gas offerings by misrepresenting such key facts as the amount of available reserves, the…

The Securities and Exchange Commission Sanctions Johnny Clifton for Antifraud and Failure to Supervise Violations The Securities and Exchange Commission (Commission) recently announced that it barred Johnny Clifton, who was president, chief executive officer, and principal of MPG Financial, LLC, a former Commission-registered broker-dealer, from associating with any broker, dealer, investment adviser, municipal securities dealer,…

Florida Oil and Gas Private Placement Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. Securities and Exchange Commission v. Bret Boteler, Civil Action No. 4:13-cv-00527-Y (N.D.TX., filed June 28, 2013) SEC Charges Oil and Gas Promoter with Securities Fraud The Securities and Exchange Commission recently filed a civil injunctive action charging Bret L. Boteler of…

Limited Partnership Breach of Contract, Breach of Fiduciary Duty, Mismanagement and Misrepresentation Commercial and Business State and Federal Court Litigation Attorney: A Limited Partnership is an organization made up of a General Partner, who manages the entity, and limited partners, who invest money but have limited liability, are who are not involved in the day-to-day…

Joseph Hilton a/k/a Joseph Yurkin Barred from the Securities Industry Joseph Hilton a/k/a Joseph Yurkin (Hilton), of Boca Raton, Florida, has been barred from the securities industry. The sanction was ordered in an administrative proceeding before an administrative law judge, following a February 2013 injunction against violations of the antifraud and registration provisions of the…