Cases / Trading, forex & commodities
KGTA Petroleum Ltd
Thomas Abdallah, Kenneth Grant, Mark M. George, Jeffrey L. Gainer, Jerry Cicolani
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
- KGTA Petroleum Ltd
- Industry
- Crude oil and refined fuel trading
- How investors were recruited
- Brokers (Gainer, Cicolani) solicited investors; ~70 investors
- Pitch & red flags
- "guaranteed monthly payments up to 5 percent per month or annual payments of approximately 60 percent per year"; funds would "flow through an escrow account monitored by attorney Mark George"
Pitch phrases from this case
Source
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