APEG Energy, GP, Paul W. Haarman and Patrick E. Duke (Release No. LR-25051; Mar. 12, 2021)
Litigation Release No. 25051 / March 12, 2021 Securities and Exchange Commission v. Paul W. Haarman, Patrick E. Duke, and APEG Energy GP, LLC, 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 from the fund. According to the SEC's complaint, from approximately Decem...
Source: sec.gov