April 10, 2015- Flower Mound, Texas
The Securities and Exchange Commission (SEC) charged Mieka Energy Corporation and Daro Ray Blankenship, its president, with fraudulently offering oil and gas investments. Vadda Energy Corporation, the publicly traded parent of Mieka Energy was charged with fraud in connection with deceptively reporting the success of Mieka Energy.
According to the SEC complaint, between September 2010 and October 2011, Blankenship and Mieka Energy raised over $4 million from about 60 investors who believed they were investing in the drilling and completion of two oil and gas wells (2010 Mieka PA West and Marcellus Project II ), however the money was actually diverted to unrelated projects.
Robert William Myers, Jr. and Stephen Romo were charged with acting as unregistered brokers for marketing and selling the investments without being registered as broker-dealers.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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