Charles Couch and Couch Oil & Gas, Inc. Accused of Fraudulently Raising Nearly $9.8 Million

Charles Couch and Couch Oil & Gas FraudCharles O. Couch and his company, Couch Oil & Gas, Inc., fraudulently raised approximately $9.8 million from more than 200 investors in two unregistered offerings of securities relating to the production of oil and gas, according to a complaint filed by the Securities and Exchange Commission (“SEC”).

The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter.

Couch and Couch Oil & Gas prepared and distributed offering documents that falsely claimed that investors would receive working interests in oil and gas wells, according to the complaint. However, Couch and Couch Oil & Gas kept the working interests and did not transfer the interests to investors, according to the complaint.

Couch and Couch Oil & Gas falsely represented to investors that most or all of the investors’ funds would be used to drill and complete wells, according to the complaint. Couch and Couch Oil & Gas failed to inform investors that approximately 30% of investors’ funds would be used to make sales commission payments to unregistered brokers, according to the complaint.

Couch and Couch Oil & Gas made unsubstantiated and highly inflated projections concerning potential oil and gas production wells, according to the complaint. Couch and Couch Oil & Gas also falsely portrayed to investors that they were experienced and successful at radial jet drilling technology.

The Peiffer Rosca attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses in connection with their investments with Charles O. Couch and his company, Couch Oil & Gas, Inc.. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investments with Charles O. Couch and his company, Couch Oil & Gas, Inc., may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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