How to Get Rid of Oil and Gas Investment Fraud

If you’re thinking over to invest large amount of money, then most probably oil and gas wells are the best options you can come up with. Regardless of what kind of investment opportunities you’re pondering over, it’s hugely important to gather all the information so that you can make a perfect decision. 

 

But be aware:

 

There are some oil and gas well deals that are offered by fly-by-night or "boiler rooms," operations that include nothing but some office space, desks and sophisticated phones. Boiler room operators have polished telephone solicitors exclusively trained to utilize high-pressure sales skills. All such defraud artists will make frequent unsolicited calls in which they strictly abide by a carefully created sales pitch which guarantees higher profits. Some con artists surround themselves with the trappings of legitimacy, including well-designed brochures. 

 

Generally in a fraudulent oil and gas scheme, swindlers promoting the investment, largely offer limited partnership interests to potential investors who dwell outside the state. Ultimately, this will reduce the chances for investors in oil and gas to visit the site or what maybe their fake headquarters.

 

If you’re subjected to any persuasive sales pitch in an unsolicited call, watch out for the below given tip-offs that you might be dealing with a con artist.

• It’s ‘ cant miss’ oil investment opportunity
• There is absolutely very little risk involved
• Almost all the previously drilled oil or gas’s well have been hit.
• A lot of gas and oil was found in the nearby fields.
• A leading company is already operating beside the company’s leased site, or is set out to do so.
• Quick decision is enforced in order to assure the purchase of one of the few interests and the rest to be sold soon.
• The salesperson has personally invested for the same.
• A research from a reputed geologist has proposed it as a good venture for an investment success.
• This deal is exclusively available for the few and specially selected investors only.

You can mitigate your risk of being deceived by such fake people if you’ve rightly done a good research work and analyzed all the lucrative offers by them. However if you’re unsure whom you’re dealing with, then check the company’s reputation and have a look through all the slightest details presented by them.