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Published in TZ Latest News 11 August, 2017 by The TZ Newswire Staff

SEC Files Charges in Oil Drilling Investment Scheme

FOR IMMEDIATE RELEASE
2017-141

Washington D.C., Aug. 11, 2017—

The Securities and Exchange Commission today charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity.

According to the SEC’s complaint filed in federal court in Savannah, Georgia, David R. Greenlee and David A. Stewart Jr. orchestrated the $15 million scheme by recruiting and controlling a network…

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