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Resource ID: #23141
Subject: Oil
Source: Courier-Journal (Louisville, Ky.)
Affiliation: 
Date: 03/19/2006; 03/20/2006

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Description

Over a period of two decades, investors in Kentucky-based oil and gas well development and securities firm Robo Enterprises, Inc. "lost more than 95 percent of everything they invested, in amounts approaching $100 million." Meanwhile, the company continued to make money even as its drilling operations brought in less and less money. Yet, Kentucky securities regulators dragged their feet on taking action even as the complaints began to mount.

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