Global Clean Energy Inc (GCEI)

[Lexit]

Well lets just say that some of the people closely associated with GCEI have some interesting backgrounds....

The indictments arose after the defendants were arrested in conjunction with a complex scheme to defraud the First National Bank of Commerce (FNBC) in New Orleans, Louisiana. Furman originally purchased a bankrupt shell corporation in Oklahoma,CCTC, and moved it to Texas, though it was not allowed to conduct business there. He and several of his associates -- Randy Renken, William Straughan and Watkins -- devised a scheme whereby they would represent that CCTC was holding assets in trust. This was accomplished with the assistance of Charles Shook, a certified public accountant, who represented on CCTC's financial statement that the corporation held in trust as an asset $50.5 million worth
of Government National Mortgage Association (GNMAs) guaranteed mortgage-backed securities. In reality, the corporation held no GNMAs, and actually had only $878 in assets.

https://www.ca5.uscourts.gov/opinions/unpub/93/93-3028.0.wpd.pdf

jerrymar
Sunday, 10/14/12 07:07:07 PM
Re: slojab post# 579
Post # of 11961

AREM ??? Hey I had some of that when it was Element 21 Golf.

Plot thickens. HIM/Enloe GCEI AREM Profit Consultants and Randy Renken. Renken was involved in Element 21 in the early days but was exposed as a convicted fraudster on the E21 Ragingbull board.

Profit Consultants also at the Humble address. Both PC and Renken got millions of shares from GCEI

Check out post #63 on this board

Going to give it a rest now - getting angry

Reading this SEC???

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80522415