Texas State Securities Board: Texas, Kentucky Enter Orders to Stop Unregistered Oil and Gas Offerings
September 17, 2019
September 17, 2019
AUSTIN, Texas, Sept. 17 -- The Texas State Securities Board issued the following news release:
Texas and Kentucky securities regulators entered emergency orders on Sept. 16 to stop the offering of unregistered investments in an oil-drilling program in Southern Illinois that promises to produce oil wells with a minimum return of 100% within two years and monthly income for 20 years.
According to the orders, Kelcas Corp. of Owensboro, Ky., and CEO Wilhelm Lilliehook are u . . .
Texas and Kentucky securities regulators entered emergency orders on Sept. 16 to stop the offering of unregistered investments in an oil-drilling program in Southern Illinois that promises to produce oil wells with a minimum return of 100% within two years and monthly income for 20 years.
According to the orders, Kelcas Corp. of Owensboro, Ky., and CEO Wilhelm Lilliehook are u . . .