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2 years ago

Texas Oil Ponzi Schemes Allegedly Funded Private Jets, Luxury Cars, and a Wedding on the Queen Mary

Molly Taft

A wedding on a cruise ship, investments in the jade industry in Guatemala, and a private jet: Those are just some of the things investors who thought they were getting rich in the oil industry paid for instead. Two Securities and Exchange Commission lawsuits filed last month against Ponzi-style scammers selling fraudulent investments in the…

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