November 24, 2015- Wichita, Kansas
The Topeka Capital-Journal reports that Kansas businessman Paul Carageannis, 56, who had previously entered a plea of no contest to one count of felony fraud in connection with a $165,000 oil and gas lease scam, was ordered to serve five years probation and repay the victims.
“Protecting Kansas investors and promoting legitimate business endeavors requires holding fraudulent actors accountable for their actions,” said Josh Ney, Kansas securities commissioner.
Ney said Carageannis defrauded the victims between October 2008 and February 2009 by selling unregistered securities in an oil-and-gas lease.
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.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900