SMI Private Equity Offering Oil and Gas Investments

SMI Private Equity, and firms like them, have in the past restricted themselves to hawking old and tired penny shares and involving themselves in second wave scams, whereby the boiler rooms offer to sell on worthless stock, for an up front fee. They will take the fee of course, and you will never see a return.

It appears that firms like SMI Private Equity are venturing into other fields, notably Oil and Gas investments, and investors need to be vigilant, especially when dealing with firms such as SMI Private Equity.

Oil and Gas has long been plagued with 'promoted' investments. A typical oil and gas fraud is to mark up the cost of the well 300 to 500%, with the Operator and/or sales firm pocketing the difference.

There is a thread on SMI Private Equity at the Boiler Rooms UK forum.