Litigation: SEC Vs. APEG Energy GP - SEC Charges Texas Investment Adviser and Two Executives
March 13, 2021
March 13, 2021
WASHINGTON, March 13 -- The Securities and Exchange Commission issued the following litigation release (No. 1:21-cv-235-LY; W.D. Tex. filed March 11, 2021):
On March 11, 2021, the Securities and Exchange Commission charged Texas-based investment adviser APEG Energy, GP (APEG) and its owners, Patrick E. Duke and Paul W. Haarman, with fraudulently raising more than $17 million for an oil-and-gas investment fund they managed, and Duke and Haarman with misappropriating over $2.6 million . . .
On March 11, 2021, the Securities and Exchange Commission charged Texas-based investment adviser APEG Energy, GP (APEG) and its owners, Patrick E. Duke and Paul W. Haarman, with fraudulently raising more than $17 million for an oil-and-gas investment fund they managed, and Duke and Haarman with misappropriating over $2.6 million . . .