{"id":19626,"date":"2021-03-17T10:03:06","date_gmt":"2021-03-17T15:03:06","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19626"},"modified":"2021-03-19T10:03:27","modified_gmt":"2021-03-19T15:03:27","slug":"apeg-energy-oil-and-gas-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/","title":{"rendered":"SEC Accuses Texas-Based Investment Adviser APEG Energy of $17M Oil and Gas Fraud"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Owners Accused of Misappropriating Nearly $2.7M from Investors<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The US Securities and Exchange Commission (SEC) has filed a <\/span><a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2021\/lr25051.htm\"><span style=\"font-weight: 400;\">civil fraud lawsuit<\/span><\/a><span style=\"font-weight: 400;\"> accusing APEG Energy, GP, LLC (APEG) and its owners Paul W. Haarman and Patrick E. Duke of fraudulently raising over $17.4M from 115 investors of an oil and gas investment fund.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These investors purchased limited partnership securities in APEG Energy, LP, a fund concentrated in the oil and gas industry. Now, the SEC is alleging <\/span><a href=\"https:\/\/www.investorlawyers.com\/misrepresentations-and-omissions.html\"><span style=\"font-weight: 400;\">misrepresentations and omissions<\/span><\/a><span style=\"font-weight: 400;\">, breach of fiduciary duty, and a deceptive scam that allowed the Fund and its owners to take almost $2.7M from investors.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/\"  title=\"Continue Reading SEC Accuses Texas-Based Investment Adviser APEG Energy of $17M Oil and Gas Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Owners Accused of Misappropriating Nearly $2.7M from Investors The US Securities and Exchange Commission (SEC) has filed a civil fraud lawsuit accusing APEG Energy, GP, LLC (APEG) and its owners Paul W. Haarman and Patrick E. Duke of fraudulently raising over $17.4M from 115 investors of an oil and gas investment fund.\u00a0 These investors purchased [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4047,3750],"tags":[4535,3633],"class_list":["post-19626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-and-gas-claims","category-texas-securities-fraud","tag-apeg-energy","tag-oil-and-gas-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Accuses APEG Energy of $17M Oil and Gas Fraud | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"Texas-based company APEG Energy has been accused of misrepresentation leading to a $17M oil and gas fraud. Find out more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Accuses APEG Energy of $17M Oil and Gas Fraud | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Texas-based company APEG Energy has been accused of misrepresentation leading to a $17M oil and gas fraud. Find out more.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/pexels-pixabay-273204-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Accuses APEG Energy of $17M Oil and Gas Fraud | Investor Lawyers","description":"Texas-based company APEG Energy has been accused of misrepresentation leading to a $17M oil and gas fraud. 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Find out more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/pexels-pixabay-273204-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/","name":"SEC Accuses APEG Energy of $17M Oil and Gas Fraud | Investor Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/apeg-energy-oil-and-gas-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/03\/pexels-pixabay-273204-1.jpg","datePublished":"2021-03-17T15:03:06+00:00","dateModified":"2021-03-19T15:03:27+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Texas-based company APEG Energy has been accused of misrepresentation leading to a $17M oil and gas fraud. 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