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Tag Archives for " oilpods "

OilPods Victim Wins Suit, but Might Get Nothing

A victim of OilPods, a company that sold investment opportunities in oil related investments,┬áhad won his lawsuit against the company and its sole director Mark Chang over his investment losses. The suit was initiated in 2009 but was only decided last month. The victim was awarded almost US$40,000 by the district judge but ironically, the […]

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What Now for Oilpod Investors?

I received an email from someone asking about whether there were any updates on the Oilpods investment scheme. For those who have not been following the story, Oilpods is an investment into working interests in Canadian oil wells, with monthly returns generated from the sale of the oil and gas. Eventually, it was discovered that […]

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Powder River Petroleum Receiver Report

Bruce Day, the appointed receiver for Powder River Petroleum, has released the interim report of his findings. If you are an existing investor with Oilpods and would like to know more about the developments, you can download the report here: Powder River Receiver’s Report There’s one part of the report that existing investors of both […]

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Powder River Petroleum Defends Themselves Against Oilpods

Following the legal lawsuit by Oilpods, Powder River and Brian Fox has now proceeded to file their defence. Details can be found in this document. A lengthy lawsuit will only mean that it will take a longer time for investors with Oilpods to find out what is going to their investments. Incidently, this case was […]

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Oilpods Receiver Updates

Earlier on, I visited the website of Powder River Petroleum to find out more updates about their lawsuit by Oilpods. Powder River has already been placed into receivership for a host of charges brought against them – these includes operating a ponzi scheme and cheating thousands of Asian investors. (Update: Powder River will be contesting […]

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