Plastic2Oil Inc (PTOI)

[Rawnoc]

Here's a random example I found of blatant private placement fraud (the real kind, not the media kind).

Total "ill-gotten" gain given back including interest? Comes out to 8.3% of the private placement:

http://sec.gov/litigation/litreleases/2011/lr21808.htm

Don't be surprised at a settlement, at worst, of less than the cost of a single P2O processor. :)

And by the way -- this is a CIVIL court, not a criminal court, so using that analogy of suing for a fake $100 bill -- you can indeed only sue for $100 for a fake $100 bill in civil court. You have to prove damages in the case of the private placement.

And, yes, most SEC settlements happen AFTER the litigation release. The failure to reach a settlement with the regional office prior to the litigation release is common whereas making it to court is rare.