Attorney General announced four-year prison sentence for Castle Rock man who ran oil and gas investment scam

DENVER — Colorado Attorney General John Suthers announced today that a Douglas County judge has sentenced Adam Hirschfeld (DOB: 3/2/1983) to four years in prison to be followed by 12 years of economic-offender probation, which includes intensive monitoring of all of his financial dealings. The court also ordered Hirschfeld to pay more than $4.6 million in restitution, fines and costs.

The Office of the Attorney General filed its complaint against Hirschfeld in June 2010 for his role in soliciting funds for an oil and gas investment opportunity under a series of business names, including VRH Capital, which proved to be fraudulent. Hirschfeld took in $5.8 million for the alleged oil and gas project in Lea County, N.M. His informed prospective investors that he could secure them returns of 8 percent to 12 percent per month.

The Colorado Division of Securities assisted the Office of the Attorney General in filing the complaint and prosecuting the case against Hirschfeld.

If you believe you have been defrauded in a securities scam, you can contact the Office of the Attorney General by calling 303-866-4500 and asking to speak to a securities fraud investigator. You also can contact the Colorado Division of Securities (303-894-232) and the Securities and Exchange Commission Office of Investor Education and Advocacy (1-800-732-0330 or 202-772-9295).

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