{"id":4752,"date":"2017-07-05T15:33:46","date_gmt":"2017-07-05T20:33:46","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4439"},"modified":"2017-07-05T15:33:46","modified_gmt":"2017-07-05T20:33:46","slug":"sec-cases-real-estate-agent-accused-ponzi-scam-oil-company-charged-2-4m-offering-fraud-ny-private-equity-fund-adviser-resolves-negligence-claims","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-real-estate-agent-accused-ponzi-scam-oil-company-charged-2-4m-offering-fraud-ny-private-equity-fund-adviser-resolves-negligence-claims\/","title":{"rendered":"SEC Cases: Real Estate Agent Accused in Ponzi Scam, Oil Company Charged in $2.4M Offering Fraud, and NY Private Equity Fund Adviser Resolves Negligence Claims"},"content":{"rendered":"<p>\t\t\t\t<strong>Oil Well Company and Founders Accused In $2.4M Offering Fraud<\/strong><br \/>\nThe  SEC has filed <a href=\"https:\/\/www.stockbroker-fraud.com\">offering fraud-related charges<\/a> against Kentucky-Tennessee 50 Wells\/400 BBLPD Block, Limited Partnership, its founders, and three members of its sales team over a $2.4M offering fraud. According to the US Securities and Exchange Commission\u2019s complaint, the oil well company fraudulently offered and sold <a href=\"https:\/\/www.stockbroker-fraud.com\">unregistered securities <\/a>to investors through a boiler room operation. They raised about $2.4M from 41 investors. <\/p>\n<p>Carol J. Wayland and her son John C. Mueller founded K-T 50 Wells. They are accused of misappropriating investor funds for purposes not disclosed in the private placement memorandum, including taking more than $871K for their own expenses and making Ponzi payments to some investors. <\/p>\n<p><strong>Real Estate Agent Allegedly Sold Unregistered Securities as Part of Brother\u2019s Ponzi Scam <\/strong><br \/>\nCheryl L. Jones  is accused of defrauding investors by helping her brother, Mark Jones, recruit investors for his Ponzi scam. The Commission contends that Jones brought in associates and friends to buy unregistered promissory notes and personal guarantees that her brother was involved in.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-real-estate-agent-accused-ponzi-scam-oil-company-charged-2-4m-offering-fraud-ny-private-equity-fund-adviser-resolves-negligence-claims\/#more-4752\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Well Company and Founders Accused In $2.4M Offering Fraud The SEC has filed offering fraud-related charges against Kentucky-Tennessee 50 Wells\/400 BBLPD Block, Limited Partnership, its founders, and three members of its sales team over a $2.4M offering fraud. According to the US Securities and Exchange Commission\u2019s complaint, the oil well company fraudulently offered and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4047,3792,3772,3801,3760],"tags":[2825],"class_list":["post-4752","post","type-post","status-publish","format-standard","hentry","category-oil-and-gas-claims","category-ponzi-scams","category-private-placements","category-sec","category-sec-enforcement","tag-unregistered-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Cases: Real Estate Agent Accused in Ponzi Scam, Oil Company Charged in $2.4M Offering Fraud, and NY Private Equity Fund Adviser Resolves Negligence Claims &#8212; Investor Lawyers Blog &#8212; July 5, 2017<\/title>\n<meta name=\"description\" content=\"Oil Well Company and Founders Accused In $2.4M Offering Fraud The SEC has filed offering fraud-related charges against Kentucky-Tennessee 50 Wells\/400 &#8212; July 5, 2017\" \/>\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\/sec-cases-real-estate-agent-accused-ponzi-scam-oil-company-charged-2-4m-offering-fraud-ny-private-equity-fund-adviser-resolves-negligence-claims\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Cases: Real Estate Agent Accused in Ponzi Scam, Oil Company Charged in $2.4M Offering Fraud, and NY Private Equity Fund Adviser Resolves Negligence Claims &#8212; Investor Lawyers Blog &#8212; July 5, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Oil Well Company and Founders Accused In $2.4M Offering Fraud The SEC has filed offering fraud-related charges against Kentucky-Tennessee 50 Wells\/400 &#8212; July 5, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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