Tag Archives: Fake Oil Scheme
Court Upholds $120 Million Judgment Against Man Who Sold Fake Promissory Notes
On May 21, a federal appeals court in Ohio upheld a $120 million civil judgment against a man charged by the U.S. Securities and Exchange Commission with defrauding investors in Florida and Michigan out of millions of dollars. The defendant, Joseph Paul Zada, posed as a wealthy oil investor soliciting new investors. In fact,… Read More »
