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Oil and gas scams are most prevalent in states where high oil prices create increased interest in investing in energy-related business deals.
FREMONT, CA :- Oil and gas scams will continue to thrive as long as the oil and gas industry does. The Securities and Exchange Commission (SEC) has warned of an increase in oil and gas securities fraud cases as a result of large discoveries. Just a few cases were handled by the SEC each year eight years ago. However, the number of SEC cases alleging oil and gas scams has increased to more than 20 a year.
Oil and gas scams are most prevalent in states where high oil prices create increased interest in investing in energy-related business deals. When a well-publicized economic crisis presents an opportunity for legitimate money to be made, con artists lurk in the shadows to take advantage. As a result, it is not shocking that oil and gas promoters often engage in deceptive activities and prey on…
