Business ProfileforGC Resources
Current Alerts For This Business
The Securities & Exchange Commission ("SEC") alleges that Polito and GCR sold working interests in oil & gas to investors raising $11.8 million. The SEC alleges that Polito and GCR fabricated ownership of other companies' oil & gas operating wells, fraudulently induced investors to invest in these wells, and paid a portion of subsequent fraudulent investment proceeds to pay investment returns to earlier investors.
The SEC alleges that these actions violated Section 17(a), 5(a) and 5(c) of the Securities Act, and Section 10(b), 15(a) and Rule 10b-5 of the Exchange Act.
For further information, please refer to; http://www.sec.gov/litigation/litreleases/2015/lr23231.htm .
The Department of Justice, Northern District of Texas, also obtained an indictment and a guilty plea on criminal charges related to these allegations.
At-a-glance
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Business Details
- Location of This Business
- 17304 Preston Rd STE 205, Dallas, TX 75252-4642
- BBB File Opened:
- 10/17/2013
- Years in Business:
- 17
- Business Started:
- 1/1/2007
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Limited Liability Company (LLC)
- Contact Information
Principal
- Brian Poltio
Customer Complaints
0 Customer Complaints
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