Monday Jan 17 2022
Heartland Group Ventures raised $122 M form 700 investors in a Perminan Basin Ponzi scheme.
The original complaint was filed in December, detailing how Heartland and its affiliates used five unregistered security offerings to fund projects they claimed would bolster existing wells or drill new ones in Texas.
I am amazed that such investors would not hire an external CPA to check out the validity of such a venture before investing. I have made presentations on such schemes to SA IMA, CPA , IIA
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