Oil and Gas Fraud Association Announces Stay-Safe Tips

Dallas, TX, February 11, 2011 --(PR.com)-- As the price of oil and gas securities rise, they look like great investments. Shareholders even have a chance of making lots of money if they buy and sell in time. And as more and more people invest in oil and gas securities, the likelihood of oil and gas fraud scams goes up dramatically. Fast talking brokers can trick investors into putting their money in non-existent companies or into buying overpriced stocks. As an investor you do have rights.

Typical oil and gas scams are handled by swindlers who use high pressure sales tricks to steal money from investors. These swindlers often sell stocks or bonds to investors in a different state. In some cases, a different oil and gas fraud scheme is used. Instead of stocks, the scam artists sell minority partnerships in a company or a particular site. They typically target investors who are far from the well site to discourage them from inspecting the site or operation.

To avoid being a victim of oil and gas fraud, look out for:

Cold callers
Once-in-a-lifetime opportunities
Owners/operators with no oil and gas experience
Non-registered companies who pay commissions to sales agents
Companies that register with the SEC using a different name than the name of the oil and gas company
A Company that has a non-descript operator name (ie. ABC Operating)
Offers limited to “select” individuals
Salespersons who invest in the program
Large oil or gas deposit found nearby
Don't get taken in by promises of making dramatically large returns on your investments.

Oil and Gas Fraud Hot Topics

Boiler rooms
Ponzi schemes
Unscrupulous oil and gas brokers
Internet oil and gas fraud

For more information visit our web site at http://www.oilandgasfraudinfo.com

About Oil and Gas Fraud Association
OGFA was started in 2010 to bring about justice, integrity, trust and fairness by leveling both public and private arenas, restoring the honorable principles and values on which America was founded by aggressively confronting corruption, fraud, and those who hold themselves above the law; to make wrongs right by giving voice and action to the victims.

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