Goodman & Nekvasil P.A. May Recover Investor Losses – Americrude, Inc., Shezad Akbar a/k/a Tony Ackerman, and Daniel Waite Charged by SEC
Securities and Exchange Commission Charges Americrude, Inc., Shezad Akbar a/k/a Tony Ackerman, and Daniel Waite
The Securities and Exchange Commission announced that it has charged Americrude, Inc., Shezad Akbar a/k/a Tony Ackerman, and Daniel Waite with defrauding investors out of at least $950,000 through a string of fraudulent oil-and-gas securities offerings.
The SEC’s complaint, which was filed in federal court in the Northern District of Texas, alleges that Shezad Akbar used his company, Americrude, Inc., to defraud multiple investors in seven securities offerings that purportedly raised funds to acquire working interests in oil-and-gas prospects. The SEC alleges that Americrude, Akbar, and Daniel Waite, who was Americrude’s nominal President, used a combination of cold calls, high-pressure sales pitches, and false and misleading statements to lure investors into Americrude’s fraudulent offerings. The SEC alleges that the defendants misrepresented Americrude’s track record, the reserve potential of its oil-and-gas prospects, and its intended use of proceeds from the offerings. Akbar is also alleged to have used an alias to conceal his involvement in the offering fraud and to hide his prior felony convictions from potential investors.
According to the complaint, while investors only received back approximately $2,500 of their principal, Americrude and Akbar misused and misappropriated more than $196,000 of investor funds, which were allegedly spent on, among other things, retail and entertainment expenses.
Investors in Americrude, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Americrude, Inc. Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Americrude, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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