Treaty Energy (TECO) is a good case study as well. They played the same way. They ripped off everybody they did "business" with. They even managed to drill a couple of good wells in Texas, almost by accident, and they of course just used them to rip folks off. The other several dozen Texas and lousiana leases were all total garbage. The Belize thing was one for the books and that got the SEC's attention.
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I expose stock scams to gain knowledge about investigating the stock market players and for the entertainment it invariably generates. I've received NO compensation in any form for such, except for a few thank yous...