SEC charges 'Ponzi-like' US player

A chief executive who promised a “world-class oil and gas company driven by shared commitment to excellence” has been charged by the US Securities & Exchange Commission (SEC) for allegedly running a Ponzi-like scheme to defraud investors.

Ponzi scheme: SEC charges Luca International
Ponzi scheme: SEC charges Luca International
Published 7 July 2015, 17:29Updated 17 October 2016, 12:41
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