Introducing the thief...Steve J. Schoen & how he stole money selling bogus stock--imagine a convicted criminal selling bogus stock in Signal Oil & Gas! Steve Schoen and Uncle Jim stole hundreds of thousands of dollars from people--see below.
Although people are free to invest their money, they have a right to be told the truth. Schoen and Blaricum are thieves--bottom line.
Signal oil and gas - Oil and Gas scam
I Invested 75 k and my neighbour george invested twice as much, , , the same story lettle money like couple of hundreds we recieve after we complain never in a timely manner and always promises of more money to come and more often but that never happened many many scenarios of good changes that will bring money but never came true.. scam scam scam all over it, and if I have time and if I didn't have a family with little kids depending on me I would have flown to texas and took care of these people my self, , , , , ,
Jim Van Blaricum used high pressure sale tactics and fat commission to no name brokers to attract new victims to his scams. We were for tax shelter. We were promised to get our original capital plus high return (40%) in about 18 month!!
We invested close to $300K. The first year, after not receiving any money the first several month, we sent angry emails and mails and threats to contact our attorney, we received a total of 15K which means if the payment continue (which we doubted), it will take us about 10 years to recover half of our capital, not even any interest. The 2nd year, it got worsen...after few attempts to get paid and investigating the company..we found the company has been suspended in Denver state and report on google on their fraude by the state department.
In a time where oil and gas almost tripple in price, we have not received payment for almost 2 years.
Jim Van Blaricum considering starting other companies since Signal name has been discovered.
Signal Oil and Gas Company (Signal Oil), last known location 6701 Carriage Ln. Colleyville, TX 76034-5773. Colt Ledger and Associates has been hired by several previous investors to investigate Signal Oil and Gas Company (Signal Oil) including, Dr. James E. Van Blaricum, President, Owner, and CEO, Shawn Hutton, Vice President of Exploration, Shae Johnson, Vice President of Investor Relations, John David Butler, Vice President of Finances, Doug Williams, Sales Representative, Diane Hancock, Sales Representative, other employees to be named, Accountant/s to be named, CPA to be named, Attorney/s to be named, and Geologist to be named for possible local, multiple State and Federal conspiracy to commit securities and criminal fraud.