Cases / Energy & alternative assets
Lazar Frederick & Company, Weststar Exploration Inc., KS Resources
Betty Ann Rubin, Mark D. Seigel, John J. Judd Jr.
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- Company / entity
- Lazar Frederick & Company, Weststar Exploration Inc., KS Resources
- Industry
- Oil and gas limited partnerships
- How investors were recruited
- Sold nationwide through Rubin's Beverly Hills broker-dealer, Lazar Frederick & Company, to over 1,000 mostly elderly investors.
- Pitch & red flags
- Promised "10-12% annual returns"; investors were mostly elderly (over 1,500 investors).
Pitch phrases from this case
Source
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