Convicted Felon Ronald Blackburn Hand Selected Treaty Energy Dream Team: Andrew V. Reid, Bruce A. Gwyn, Michael A. Mulshine, Lee C. Schlesinger, Samuel E. Whitley; Treat Energy Allegedly Artificially Inflated Own Stock Price, Engaged in Fraudulent Trading Scheme
The Peiffer Rosca Wolf investment fraud attorneys are currently investigating convicted felon Ronald Blackburn, and his involvement with Treat Energy Corporation. Between 2009 and 2013, Blackburn and his hand-selected team of associates (Andrew V. Reid, Bruce A. Gwyn, Michael A. Mulshine, Lee C. Schlesinger, Samuel E. Whitley) allegedly collaborated to manipulate trading in the stock of Treaty Energy Corporation, according to an SEC Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.
The complaint further alleges that Blackburn and his team used Treaty Energy, a publicly traded oil and gas company, for their own benefit.
Blackburn Allegedly Concealed that he controlled Treaty Energy, Claimed to Strike Oil in Belize; Raised Approximately $4.9 million through Sale of Treaty Stock
In a litany of alleged malfeasance, Blackburn hid that he controlled – and may continue to control – Treaty as a de facto officer and director, attempted to inflate Treaty’s price by falsely claiming to have struck oil in Belize, and perpetrated a fraudulent trading scheme involving the issuance and transfer of restricted and unrestricted Treaty stock, according to the SEC’s Complaint currently being reviewed by attorneys Joe Peiffer and Alan Rosca.
As a result, the SEC continues to note, Treaty and its officers – with the aid of outside securities counsel – raised $4.9 million dollars essentially selling worthless Treaty stock to unwitting investors.
This has led the SEC to conclude that Treaty, Blackburn, Reid, Gwyn, Schlesinger, and Mulshine have violated certain provisions of the Securities Act of 1933, and that Blackburn, Reid, Gwyn, Schlesinger, and Mulshine should be permanently barred from serving as an officer or director of any public company.
Investment Recovery Lawyers Investigating
The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct. 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 investment misconduct may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: Lee C. Schlesinger
Status: INVESTIGATED by Peiffer Rosca.
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