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Kentucky/Tennessee Oil Well Scammers Indicted

Kentucky/Tennessee Oil Well Scammers Indicted

Kentucky/Tennessee Oil Well Scammers Indicted 150 150 Rex Securities Law

September 26, 2014- Nashville, TN

The US Attorney, Eastern District of Kentucky issued an indictment of John G. Westine, Jr. of Malibu, California and Michael Hicks of Cincinnati, Ohio for selling $4 million interests in a purported oil deal on a  100 acre farm in Tompkinsville, KY. Westine has previously served time for a similar scheme.

The companies include Clementsville Oil, JMack Energy, Royal Leasing, Royal Energy Leasing, Midwest Leasing, Marathon Royalties, Liberty Oil Leasing and Three Star Leasing. Investors were told that a $70,000 investment could yield $3,600 a month.

Link to Better Business Bureau press release. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

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