September 30, 2016

Aegis Oil, LLC, Patrick Reagan Beason

Offering Fraud

SANCTION AMOUNT: $43,684,036

Defendants: Aegis Oil, LLC
Patrick Reagan Beason

Settlement with Texas oil company and CEO who allegedly raised $35 million in unregistered offerings from approximately 250 investors nationwide, aided by written and oral misrepresentations and omissions concerning the use of investor proceeds, business projections, and the CEO

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