Brooke Energy provides oil storage and related services at the Port of Fujairah in the UAE. The company was listed on NASDAQ in December 2019 via a reverse takeover. The company announced a delay in filing its 2021 financials based on a spurious excuse, the CFO left the company and the SEC launched an investigation. PWC then resigned as auditor in January 2023 citing likely illegal acts. The SEC investigation concluded in December 2023 and it announced fraud charges against the CEO and other senior management for using false invoices to inflate revenues in 2018-2020. This is a confirmed fraud.

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