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Scams and Frauds Here are some of the latest Scams, Frauds, and Consumer Abuse items in the news.

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State Securities Regulators Warn Against Slippery Oil and Gas Deals

Although oil prices have fallen since reaching an all-time high last summer, fraudulent oil and gas deals remain a favorite ploy of con artists nationwide, according to the North American Securities Administrators Association (NASAA), the membership organization of state and provincial securities regulators. Securities investments offering profit participation in oil and gas ventures can be legitimate for those who understand and can afford the risk, but doubtful and even outright fraudulent energy deals aggressively are being promoted to the public. Read more...

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