SEC
Whistleblower
Attorneys

August 11, 2017

Sethi Petroleum, LLC, Sameer Sethi

Offering Fraud

SANCTION AMOUNT: Approximately $4,160,000

Defendants: Sethi Petroleum, LLC
Sameer Sethi

Sanction awarded in a final judgment against Sameer Sethi, perpetrator of an oil-and-gas fraud in the sale of securities in the Sethi-North Dakota Drilling Fund-LVIII Joint Venture. Investors were told that 70% of funds would be used to develop 20 oil and gas wells in the Bakken Shale formation in North Dakota, but less than 25% was actually used as promised.

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