Action against Defendant, the purported president and CEO of an energy company, for an alleged fraudulent offering and sale of securities in the energy company. According to the SEC, Defendant failed to disclose to investors that two individuals with previous felony convictions were actually in charge of the energy company. According to the SEC, Defendant also misrepresented that he had a substantial background in oil and gas development. The SEC further alleges that Defendant assisted in perpetrating a previously alleged oil investment scheme. SEC v. Tennstar Energy, Inc., et al. (S.D. Ga. Aug. 11, 2017). Defendant has agreed to pay disgorgement, interest, and civil penalties in amounts to be determined by the court.

SEC Litigation Release 

SEC Complaint