Bowling Green, Ky. September 4, 2014. Colt Ledger & Associates, Inc. has just completed an exhaustive investigation into the oil and gas drilling programs of Blue Ridge Group of Bowling Green, Ky. The results of that investigation have been compiled into a “Research Report” backed by apparently irrefutable facts that will lay the foundation for the complaints being filed with the SEC, FBI, USPS, IRS, USSS multiple State Securities, and prosecutorial agencies.
Blue Ridge Group has over 200 separate allegations filed against them, including but not limited to selling unregistered securities, general solicitation, wire fraud, money laundering, mail fraud, and bank fraud.
It appears that Blue Ridge, in filing the “Form D” 506 exemptions did so with full knowledge they would be furnishing “sales leads” to their telemarketing “boiler rooms,” indicating a willful intent to commit premeditated securities fraud. The use of “general solicitation” means the securities were no longer exempt and were required to be registered.
Blue Ridge appears to have knowingly and willfully violated basic securities regulations that possibly led to criminal activity. Clients have provided Colt Ledger and Associates, Inc. with sworn affidavits stating that they were made promises and in turn invested their money only to see little or no money in return. Blue Ridge Group appears to have fraudulently taken almost $2.2 million combined from 13 of Colt Ledger & Associates Inc. clients.
Colt Ledger & Associates has filed the complaints with the proper authorities, in which they will now handle the cases accordingly. The public is reminded that a complaint only contains allegations and is not evidence of guilt. Everyone is presumed innocent unless and until proven guilty.