During the boom times in the energy sector, oil and gas scams often lurk waiting for unsuspecting investors. The U.S. Securities and Exchange Commission recently filed a case alleging just such fraudulent behavior on the part of a North Texas oil and gas company.
According to the complaint filed on April 10 in the U.S. District Court for the Northern District of Texas, Dallas Division, the SEC charges Mieka Energy Corporation of Flower Mound, Texas, and its founder and president, Daro Ray Blankenship, with running an investment scheme that bilked at least 60 investors in multiple states out of a total of approximately $4.4 million.
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