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SEC Alleges Fraud in Connection with Southern Energy Group/Black Gold Resources Oil Investment Scheme

On August 11, 2017, the Securities and Exchange Commission (“SEC”) filed a Complaint against Defendants David R. Greenlee, David A. Stewart, Jr., and Richard “Ric” P. Underwood, in connection with various oil limited partnerships and joint ventures.  Specifically, the SEC has alleged that the Defendants engaged in a fraudulent scheme…

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