Ponzi

New York Times Admonished — Again — for Anti-Shale Gas Slant

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012

Anti-Shale Bias Said to Be Still Dogging New York Times

The New York Times (NYT), admonished last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and its “institutionalized bias concerns appear to be spreading,” according to a Forbes magazine contributor.

October 8, 2012

New York Times Admonished — Again — for Anti-Shale Gas Bias

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012

People

An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and gas exploration in Kentucky and Tennessee is dead from an apparent suicide. Ashvin Zaveri, 71, late last year was charged with 16 counts of money laundering and mail and wire fraud dating back to 2003 (see NGI, Dec. 21, 2009). Zaveri shot himself on a park bench in the Rochester, NY, suburb of Mendon, the Associated Press reported. Zaveri had been expected to plead guilty to tax and fraud charges in September. He faced six to eight years in prison.

September 6, 2010

Accused Energy Patch Swindler Commits Suicide

An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee is dead from an apparent suicide.

August 31, 2010

New York Man Could Be Energy Patch ‘Bernie Madoff’

A 71-year-old New York state man pleaded not guilty Thursday in U.S. District Court to bilking investors out of $35 million in a ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee.

December 21, 2009

New York Man Denies Energy Patch Swindle

A 71-year-old New York state man pleaded not guilty last Thursday in U.S. District Court to bilking investors out of $35 million in a ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee.

December 21, 2009

Habitual Violator Pleads Guilty to Oil, Gas Fraud Scheme

A habitual securities violator and the former president of an oil and gas company pleaded guilty to six counts of mail fraud related to a ponzi-like scheme in which they paid dividends to existing Texon Energy Corp. investors with money raised from new investors, the Securities and Exchange Commission said Wednesday.

January 12, 2004

Habitual Violator Pleads Guilty to Oil, Gas Fraud Scheme

A habitual securities violator and the former president of an oil and gas company pleaded guilty to six counts mail fraud related to a ponzi-like scheme in which they paid dividends to existing Texon Energy Corp. investors with money raised from new investors, the Securities and Exchange Commission said Wednesday.

January 8, 2004