SEC charges North Texas energy firm, execs with securities fraud

The U.S. Securities and Exchange Commission has charged Dallas-based Americrude and two of its executives with defrauding 17 investors out of $950,000 in an oil and gas offering scheme.The SEC claims that 30-year-old Shezad Akbar of Carrollton and 30-year-old Daniel Waite of Garland lied to potential investors about their history of success in drilling wells and their operations.In a 17-page lawsuit filed in federal court in Dallas, the SEC states that Akbar, who owned Americrude, and Waite,&hel