Americrude Inc. Oil-and-Gas Securities and Three of Its Executives Charged with Defrauding Investors

On March 19, 2018, the Securities and Exchange Commission (SEC) announced it recently charged oil-and-gas company Americrude, Inc. and three of its executives with defrauding investors. The SEC charged in its complaint filed in the Northern District of Texas federal district court that Americrude’s CEO and president used cold calls and high-pressured sales pitches to inappropriately

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