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[Alabama Securities Commission] District Attorney Hays Webb of the 6th Judicial Circuit Court, Tuscaloosa County, and Alabama Securities Commission Director Joseph P. Borg announce that Teresa Marta Jackson of Dana Point, California pled guilty to one count of securities fraud for stealing $100,000 from an Alabama resident based on a fraudulent oil well investment. Securities Fraud is a class B felony, with a range of punishment of 2 to 20 years, a fine of up to $30,000, plus victim compensation assessments and other court costs.
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Instead of striking oil, fraudster strikes with deceit to an Alabama investor