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Cases / Energy & alternative assets

Prosper Oil and Gas Inc (aka Prosper Energy Inc)

Alan Todd May

ReportedMar 4, 2010
LocationDallas, TX
Amount$6,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Prosper Oil and Gas Inc (aka Prosper Energy Inc)
Industry
Oil and gas royalty interests
How investors were recruited
Classified ads in business publications and postings on an auction website
Pitch & red flags
Annual returns of 25 to 38 percent from oil and gas revenues; unregistered fractional royalty interests

Source

SEC official

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