DALLAS (AP) - Federal regulators have frozen the assets of a Dallas company accused of running a $485 million Ponzi scheme centered on the oil and gas industry. In a statement issued Tuesday, the Securities and Exchange Commission says the scheme was orchestrated by three Dallas businessmen through a company called Provident Royalties LLC. The company didn't immediately respond to a phone message Tuesday._____
This outfit filed bankruptcy and is now under investigation for same crap that Stringer and Madoff were involved in. High return using new investors to pay old investors' returns. They were promising 18% return before scheme collapsed.
Another "To Good To Be True Scam"!
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"The People Have A Right To Know"
Nostradamus
"The People Have A Right To Know"
Nostradamus
