I invested $22,000 with Fossil Oil Company in Huston. They claimed 5.6 times return (200 - 400 barrels oil dail production.) After two years, I received nothing, and they sent me letter and demonded extra money. If you don't pay, you will be penalized. After reading ripoff reports, I realized that I will never get my money back. The investor will be the losers forever. By publishing my lession, I hope therer is way to sue or investigate this company so that no more victims are trapped by this company.
louise
ALHAMBRA,#3General Comment
Sat, July 16, 2016
please tell me how to join the group?
RippedOff
Houston,#4Consumer Comment
Tue, January 12, 2016
Has this progressed at all? I came across this post since I too have been wondering if I was scammed.
#5Author of original report
Fri, November 20, 2015
CA has charged Fossil Oil for "unlawful offer and sale of security in December 2014. The investment losers should try to join Facebook group: "Fossil Oil Investment Loss Recovery". Please let me know your email, I can send out invitations to you.
#6Author of original report
Tue, November 10, 2015
Either Fossil Oil is unqualified to run this kind of Joint Venture, or it practices this way for totally different purpose. The whole deal is absolutely unfair to investors. Investors have no power at all. Fossil Oil can send investor cash call to demand extra money to continue to fund a losing business. If an investor doesn't pay, he or she can be penalized.