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Joseph T Sevitski

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BUSINESS
May 28, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Sevitski & Associates told its investors, or backers, that "the best and most confident backers are informed backers." But according to the California Department of Corporations, the oil and gas concern didn't inform its backers about some important facts. For starters, the Westlake Village firm and some related companies, ostensibly engaged in energy investments, actually ran a Ponzi scheme, the department contends.
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BUSINESS
May 28, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Sevitski & Associates told its investors, or backers, that "the best and most confident backers are informed backers." But according to the California Department of Corporations, the oil and gas concern didn't inform its backers about some important facts. For starters, the Westlake Village firm and some related companies, ostensibly engaged in energy investments, actually ran a Ponzi scheme, the department contends.
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CALIFORNIA | LOCAL
April 20, 1995 | JEANNETTE DeSANTIS, TIMES STAFF WRITER
The owner of an oil and gas investment firm who allegedly bilked $9 million out of investors was indicted Wednesday on charges of securities fraud, mail fraud and money laundering, according to the U.S. attorney's office. A federal grand jury returned a 29-count indictment against Joseph T. Sevitski, 49, of Malibu. If convicted, Sevitski faces up to 485 years in prison and a $14-million fine, said Assistant U.S. Atty. Barbara M. Scheper, who is prosecuting the case.
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