Oil and Gas Scams

Elderly New Jersey Man Defrauded by Father and Son Team in Florida in Oil and Gas Investment Scheme.

Posted by on April 27, 2012 at 11:24 pm

 

FOR IMMEDIATE RELEASE

FLORIDA FATHER & SON TEAM DEFRAUD ELDERLY NEW JERSEY MAN IN OIL & GAS INVESTMENT SCHEME.

Team Now Operating in Florida & Texas . A 79 year old resident of New Jersey has been identified as the victim of fraud perpetuated upon him by Joseph “Joe” Frank Britton Sr, Joseph “Frank” Britton III, Dennis Timpe and Francine Britton (now deceased).    The investigation shows between September 2008 and December of 2010, the victim invested Nine Hundred and Fifty-Eight Thousand Dollars in a company called GlobalTec Energy Corp.     Joseph F. Britton of Holiday, Florida is listed as GTEC’s CEO; he is also listed as GlobalTec Intellectual Properties (GTIP) CEO.   Frank Britton of Wesley Chapel, Florida is listed as Associate/Consultant with GTEC.  Investigators found Joe Britton sold the victim stock in a series of shell corporations, which existed only on paper.

OIL AND GAS SCAM

Posted by on January 6, 2012 at 10:54 pm

 

Scammed in an Oil and Gas Deal?

Posted by on July 29, 2011 at 2:04 am

It is a rather unfortunate reality that oil and gas investors, particularly those who are unfamiliar with the industry, are sometimes swindled.  Here is a link to a recent case out of Dallas that is a tragic example.

The evidence in this case showed that a group of individuals formed 4 oil and gas joint ventures and sold interests in those ventures to various investors, raising more than $8 million.  The prospectuses issued in connection with these investments represented that investor money would be used to acquire working interests in leases and to drill oil and gas wells.