The activities envolved high pressure telephone investment requests for funding oil of well drilling. Rather than ask for just one investment in one share of a well, they would come back requesting me to purchase an additional share, then another well with the same double investment requests, and qualifying it with a large profit quarantee in wells with strong geology reports which were phoney. The sales person would go over and over calculations of the returns I would receive if I put more and more money in the two wells, all along pretendiing to be my friend and oil investment advisor. First one well was a dry hole and then the second well a dry hole after many assurances by the sales person that the second well would make up the loses for the first well by heavy production numbers and how the second well was right next to a well producing 600 barrels per day and could not miss in production of anything less than that well. He then suckered me into a double unit investment in that well even prior to the first well being completed as a dry hole.
Please note that at the time of these investments, I was warned about this company and refered to the usacomplaints.com site to check it out. It seems that the company use to be owned by the husband of the current owner and he was under a federal investigation that prohibited him from doing this kind of business again. When I presented these facts to the company sales agent, he explained that the wife was honest and that the husband no longer had any dealings with the company. He swore this to me more than three times. I should have saw the red flag that Rip-Off.com was presenting me with and paid attention to it. Well by ignoring this flag, it cost me over $112,583.00 and made me not trust any oil well sales persons again.
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