A federal court in Washington has ordered...
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A federal court in Washington has ordered firms selling shares in oil and gas drilling ventures to pay more than $12 million into a fund to repay their investors, the Federal Trade Commission reported. The FTC had charged the four Miami-based companies with operating a “boiler room” selling fraudulent investments. The order named Atlantex Associates, Dunn Petroleum Inc., Petrofund Corp. and Jaset Petroleum Inc., as well as individual officers of the firms.
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