Cases / Energy & alternative assets
James VanBlaricum
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
- Signal Oil and Gas Company, Texas Energy Management, Texas Energy Mutual
- Industry
- Oil and gas exploration (Land Lease Program)
- How investors were recruited
- Through financial consultants who recommended the program to investors; 53 victims
- Pitch & red flags
- "Assured" rates of 9-15%; full refund of initial investment after 3-5 years; prospectuses promised "50 percent hard assets and 50 percent oil and gas exploration"
Pitch phrases from this case
Source
U.S. Department of Justice official
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