SEC v. Arcturus Corp.

Leon Ali Parvizian, Arcturus Corporation, and Aschere Energy LLC allegedly defrauded investors when they raised over $22 million between 2007 and 2011 through an unregistered offering of interests in six oil and gas well drilling projects, and that Parvizian acted as an unregistered broker, according to the SEC.

Summary generated from official Securities and Exchange Commission press release