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THEY ARE NOT LISTED IN THE BUILDINGS TENANTS ANY MORE EITHER
Head Office Hydrogen Hybrid Technologies 1845 Sandstone Manor, Unit 10, Pickering, On. Canada
At this address:
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Post # of 262
I believe the SEC has charged the principals huge fines and disgorgement.
Post # of 261
Has this company gone out of business? Has anyone heard any recent news? Thanks.
CALL THE NUMBER
Head Office Hydrogen Hybrid Technologies 1845 Sandstone Manor, Unit 10, Pickering, On. Canada. Phone: 905-697-4880 email:
What do you mean "The company no longer exists"
Could you please provide some factual information to back up that claim?
Has anybody even bothered to do any dd on this company...It does not exist.. The phone number doesnt even work anymore.. It is caveat emptor on the pinks and there was a sec suspension last february.. There is nothing here boys and girls..THE COMPANY NO LONGER EXISTS
PD, I am not concerned about anything. Just remember IHUB Rules apply here just like all the other Boards. The subject should be HYHY and not other Stocks.
I will keep posting.
There seems to be a real concern that I'm now the mod here. I'll do my best to keep the subject on this company, hho technology and the competition in this field (technology). Investors interested in hho investing should get a lot of interestin info. I hope it helps them all avoid the smoke and mirrors that exist with many pink sheet companies and those that promote deceptions. We'll also look at those that are on the cutting edge with hydrogen gas development. My gut feeling is that HYHY is a prime company to be purchsed or enter a joint venture with those that have cutting edge knowledge and the funding to develop it. HYHY shareholders would be well served is such and arrangment was entered into.
PD, remember IHUB rules apply on all Boards. The subject matter is HYHY only. Please keep that in mind.
Have not but I will.
Have you got any interestin info to share? By the way readers hhonow is a trusted poster in my view. No bone to pick, no pump just facts. Glad ta see ya showed up hhodude.
I decided to mod this board.
Don't expect the usual mod attitude. I have a long history in evaluatin hho and other fuels/fuel combinations. I've also looked into many hho driven companies and found nothin but bs, pumping and CEO's go to or coming from prison.
Don't expect good grammar and spelling from me. It aint gonna happen. I say what i think and fire back as I see fit. The little DD I've done on this company has come up dirty. Don't know which of the perps are still involved or what their present legal status is.
So let's have at it hho boys and girls.
Thanks. I have long been interested in HHO tech. But I've have had reasonable skepticism. I understand that the low volumes that these generators produce are far below enough to play a big part in producing power, but the real benefit appears to be the synergistic aid the gases supply in creating a more complete combustion.
The company's generator looks rather unimpressive compared to others I've seen, which gives me pause. The key is probably the CPU that they claim is way better than anyone else's.
I need to see independant lab results before I'll be convinced.
A mechanic friend tells me he has a friend who has a system on his rig. I'll have to go check it out. Firsthand is always best.
I wasn't going to buy any. I'll do some more digging. Thanks.
I know who ya were referrin to. Said what I said for good reason. Add one more stinker to your list.
I see Ira Lyons' name on another Scam ... PMDP.
jmo
Is CHEC still in business even?
jmo
That seems to be the case here. I was referring to a different company, that seems to be making a viable product and is reporting some sales. I found it same time as I found all these other HHO stinkers...at least 4 that are comatose or dead.
What was the story behind the "world wide rights to sell the product to OEM's? I think I have that same right as does anyone else who wants to sell an hho unit.
Does anyone know if there is a rotality or license agreement still in place wiht CHEC?
Are ya serious dude? Total scam run by one fraud felon followed by another. Either get your DD up ta speed or drop the misleadin suggestions.
scion,thx-25-Yr Jail Term In Stock Fraud -
NOVEMBER 19, 2010, 1:17 P.M. ET
DOW JONES NEWSWIRES
http://online.wsj.com/article/BT-CO-20101119-711264.html
A Canadian securities trader was sentenced to a 25-year jail term and ordered to pay more than $55 million in restitution on a conviction for his role in an international-stock fraud involving four stocks traded on the Pink OTC Markets Inc., also known as the pink sheets, and the OTC bulletin board.
Abondanceinvest
Canadian Trader Sentenced To 25-Yr Jail Term In Stock Fraud
NOVEMBER 19, 2010, 1:17 P.M. ET
DOW JONES NEWSWIRES
http://online.wsj.com/article/BT-CO-20101119-711264.html
A Canadian securities trader was sentenced to a 25-year jail term and ordered to pay more than $55 million in restitution on a conviction for his role in an international-stock fraud involving four stocks traded on the Pink OTC Markets Inc., also known as the pink sheets, and the OTC bulletin board.
U.S. District Court Judge Robert F. Kelly, in imposing the sentence, said, "The evidence was overwhelming and the defendant's perjury was stunning."
George Georgiou, 40 years old, and his codefendants were accused of opening brokerage accounts in locations including Canada, the Bahamas and the Turks and Caicos. The accounts were used to manipulate stock prices of Neutron Inc., Avicena Group Inc. (AVCE), Hydrogen Hybrid Technologies Inc. (HYHY), and Northern Ethanol Inc. (NOET) and create the impression there was an active market for them.
The defendants then sold shares at inflated prices and also used the shares as collateral to obtain millions of dollars in loans from three Bahamian brokerage firms, according to federal prosecutors. Due to subsequent trading losses, one of the firms ended up liquidating, with more than 60 clients having to absorb more than $22 million of losses.
The case was investigated by the FBI and U.S. Securities and Exchange Commission.
Georgiou, of Ontario, was banned from acting as a broker in Canada in 1995 after he was arrested after allegedly agreeing to pay an undercover Federal Bureau of Investigation agent a kickback to bribe brokers to buy $10 million of Northern Ethanol shares in client accounts, according to the Justice Department.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;
http://online.wsj.com/article/BT-CO-20101119-711264.html
Litigation Release No. 20899 / February 12, 2009
SEC v. George Georgiou, Civil Action No. 09-CV-616 (MMB) (E.D. Pa.)
SEC CHARGES GEORGE GEORGIOU, A CANADIAN CITIZEN, FOR MARKET MANIPULATION SCHEMES
The Securities and Exchange Commission announced that today it charged George Georgiou, of Toronto, Ontario, with manipulating the market in four separate microcap stocks — Avicena Group, Inc., Neutron Enterprises, Inc., Hydrogen Hybrid Technologies, Inc., and Northern Ethanol, Inc.
The Commission's action, filed in federal district court in Philadelphia, alleges that, from 2004 through September 2008, Georgiou, who controlled the publicly-traded stock of each company, manipulated the market for the purpose of artificially inflating each company's stock price or to create the false appearance of an active and liquid market. In order to do so, Georgiou used many nominee accounts that he either directly or indirectly controlled at offshore broker-dealers and banks, and used a variety of manipulative techniques, including matched orders and wash sales. Ultimately, Georgiou realized at least $20.9 million in ill-gotten gains from his manipulation schemes.
In addition to the enforcement action, the Commission today entered an order suspending trading in the securities of the four manipulated stocks for a ten day period commencing 9:30 a.m. February 12, 2009. The U. S. Attorney for the Eastern District of Pennsylvania today separately announced criminal charges against Georgiou involving the same conduct.
The Commission's complaint alleges that Avicena Group is headquartered in Palo Alto, California, and that the other three companies are headquartered in Canada. Each of the manipulation schemes followed a similar pattern. Georgiou controlled all or a large percentage of the unrestricted, publicly-traded stock of each company. He had influence with management, access to confidential shareholder lists, and was able to coordinate the release of company news with his illegal trading. In recorded conversations and through his own e-mails, Georgiou admitted his intent to manipulate each of the stocks, and gave directions to his nominees.
The complaint further alleges that Georgiou used many nominee accounts at offshore broker-dealers in Canada, the Bahamas, Turks and Caicos, and other locations. Georgiou asserted direct control over some accounts by issuing trading and wiring instructions directly to broker-dealers, and indirect control over others by communicating trading instructions to nominees who, in turn, executed Georgiou's trading instructions. Through these accounts, Georgiou used a variety of manipulative techniques in each scheme, including controlling the trading volume through promises of profits to nominees, executing or directing matched orders, wash sales, or other prearranged trades, marking-the-close, and paying illegal kickbacks in exchange for purchases.
The complaint alleges that Georgiou's manipulation of Hydrogen Hybrid Technologies was in the nature of a pump and dump scheme, in which Georgiou arranged and paid for the publication of a promotional mailer sent to seven million addresses across the U.S. Georgiou coordinated manipulative trading with the publication of the mailer, and ultimately received more than $3.8 million when he dumped his shares into the artificially inflated market. The complaint also alleges that part of Georgiou's manipulation of Northern Ethanol stock involved the payment of an illegal kickback to a person Georgiou believed was a corrupt registered representative, but who was in reality an undercover FBI agent.
The complaint alleges that Georgiou also defrauded two offshore broker-dealers by obtaining margin loans, using the manipulated stocks as collateral, that further funded his manipulations and allowed him to withdraw cash that he wired to offshore bank accounts. Georgiou's total ill-gotten gains from his stock purchases in, and cash withdrawals from, the fraudulently obtained margin accounts was at least $17.1 million.
The complaint alleges violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks a permanent injunction, disgorgement of ill-gotten gains, together with prejudgment interest, civil penalties, and a penny stock bar against Georgiou.
The Commission acknowledges and appreciates the assistance of the U.S. Attorney's Office for the Eastern District of Pennsylvania and the Federal Bureau of Investigation in connection with this matter.
SEC Complaint
http://www.sec.gov/litigation/complaints/2009/comp20899.pdf
http://www.sec.gov/litigation/litreleases/2009/lr20899.htm
I hope they throw away the key after they lock him up.
jmo
SEC target Georgiou pleads for short jail term
2010-11-18 13:49 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-AVCE) Avicena Group Inc
Also Street Wire (U-HYHY) Hydrogen Hybrid Technologies IncAlso Street Wire (U-NOET) Northern Ethanol Inc
by Mike Caswell
George Georgiou, the former Toronto broker convicted for market manipulation and bribery in the United States, has asked the judge for leniency in his sentencing. He says the 165-year term recommended in a presentence report is unreasonable, and that the government has inflated the losses he inflicted on investors. He also asks the judge to take into account the effect a long sentence would have on his wife and four children.
On Feb. 12, 2010, a Pennsylvania jury convicted Mr. Georgiou, 40, on a nine-count indictment for conspiracy, securities fraud and wire fraud. During his 13-day trial, prosecutors successfully argued that he led an international stock fraud ring that caused $30-million in investor losses from 2004 to 2008. (All figures are in U.S. dollars.) The trial came 18 months after the FBI arrested Mr. Georgiou in a broker bribery sting at the Ritz-Carlton Hotel in Pennsylvania.
In preparation for Mr. Georgiou's sentencing, the government and Mr. Georgiou's lawyers have filed memorandums seeking what they see as appropriate sentences. For reasons not clear, the prosecution filed its sentencing memorandum under seal, so it is impossible to know what prosecutors have recommended. The only indication of what they could be seeking comes from Mr. Georgiou's presentence memorandum, in which he says that a presentence report unreasonably suggests he should serve 165 years. Prosecutors separately filed a motion seeking a $26-million forfeiture order.
Georgiou's presentence memorandum
Mr. Georgiou's presentence memorandum, filed on Nov. 15, 2010, does not state exactly what he thinks an appropriate sentence would be. He suggests that the judge start at nine to 11 years, and then consider all the circumstances of the case.
One of the factors the judge should consider, according to Mr. Georgiou, is that the government's presentence report unfairly holds him responsible for $57-million in investor losses. Prosecutors claimed that Mr. Georgiou manipulated four companies: Neutron Enterprises Inc., Avicena Group Inc., Northern Ethanol Inc. and Hydrogen Hybrid Technologies Inc. Investors suffered massive losses when the prices of those stocks collapsed.
As Mr. Georgiou sees it, the presentence report unfairly attributed those losses solely to him when the market was in a general decline. Between October, 2007, and March, 2009, average share prices dropped dramatically, wiping out trillions of dollars in wealth. The stocks that he manipulated were no different, "and their drop in value cannot be divorced from the seismic losses sustained generally by the market during that time period," his memorandum reads.
As Mr. Georgiou sees it, the presentence report also erroneously attributed $16-million in losses from one particular investor, Alejandro Barrotti, to him. He argues that Mr. Barrotti was a co-conspirator who must have known that the stock he invested in, Neutron Enterprises, was being manipulated. Among other things, Mr. Barrotti had an agreement with one of Mr. Georgiou's associates, Vince DeRosa, which stated that Mr. DeRosa would indemnify Mr. Barrotti from any losses he suffered.
Secretly taped phone conversations played during the trial showed that Mr. Georgiou had no intention of defrauding Mr. Barrotti, the memorandum states. In one conversation, Mr. Georgiou said that Mr. Barrotti was a friend "who got fucking crushed, he got screwed. He and I both got screwed by Vince."
According to Mr. Georgiou, the presentence report also erred in attributing a large number of victims of the Hydrogen Hybrid Technologies manipulation to him. The report stated that Mr. Georgiou should be held responsible for a mailer touting the company that induced 4,495 people to buy the stock. Mr. Georgiou argues that there was no evidence that he ever spoke to the company that created the mailer. Even if such evidence existed, the mailer contained a disclaimer advising the public that the sender, Global Energy Investor, had received $3,785,000 to distribute the document.
Finally, Mr. Georgiou asks that the judge consider his personal circumstances. Despite personal tragedies, he has lived his life as a devoted family man and successful businessman. He spent much of his teenage years and later life caring for his father, who died in 2007 after a long battle with multiple sclerosis. He also had five children, including a son who died of brain cancer at the age of six. Mr. Georgiou further points out that his mother is at an age where she would likely not be alive when he completes his sentence.
In addition, Mr. Georgiou argues that he has shouldered the entire financial burden of supporting his family. His wife is unable to care for four children and find work at the same time, he says. "In most, if not all criminal cases, there are innocent victims who suffer when a defendant is sentenced," the memorandum states.
Attached to Mr. Georgiou's memorandum are letters of support from family and friends, as well as a CD containing family photos.
Georgiou's indictment
Prosecutors initially indicted Mr. Georgiou on Feb. 12, 2009, in the Eastern District of Pennsylvania. They claimed that he and an associate, Kevin Waltzer, manipulated four stocks between April, 2004, and September, 2008. The scheme came to the attention of the FBI after Mr. Waltzer was arrested for an unrelated insurance fraud scheme. He then agreed to inform on several individuals, including Mr. Georgiou.
With Mr. Waltzer's help, prosecutors set up a sting operation, in which Mr. Georgiou met an undercover FBI agent who was posing as a person with access to corrupt brokers. The agent, who used the alias Charlie, told Mr. Georgiou that he could have brokers buy shares of a company using discretionary accounts. Mr. Georgiou would have to pay a 30-per-cent kickback.
In August, 2007, the men carried out a small test transaction, in which Charlie purportedly had his brokers buy 16,000 shares of Northern Ethanol at $1.11. The FBI bought the shares using an undercover account, and Mr. Georgiou sent a $5,000 bribe.
On Sept. 17, 2008, Charlie set up a face-to-face meeting with Mr. Georgiou at the Ritz-Carlton hotel in Pennsylvania, where they discussed larger buys. They agreed that Charlie's brokers would buy $500,000 worth of stock every week for five months, and that the accounts would hold the stock for at least a year. At the end of the meeting, the FBI arrested Mr. Georgiou.
In addition to the criminal charges, Mr. Georgiou is facing a parallel civil suit from the U.S. Securities and Exchange Commission. That case is on holding pending the outcome of the criminal matter.
Mr. Georgiou is scheduled to be sentenced by Judge Robert Kelly on Friday, Nov. 19, 2010.
--------------------------------------------------------------------------------
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GG is guilty of securities fraud and threatened to have a guy's legs broken to keep him quite. GG was caught red handed smearing grease, 'nuff said!
By the way, $3,785,000 for a mailer???
Posted by Bud Fox at 2010-11-18 13:58
Abondanceinvest
New Ihub hho forum
Ck out Hydrogen Gas (HHO)Hybrid Fuels. It's in the Alternative Energy catagory.
The technology is sound. It's friggin hydrogen.
The problem with these companies is people. They hear about hydrogen and it becomes their next p&d scam. Unless you're producing massive amouts of hydrogen gas your wasting your time with an onboard type unit as a public company product. They're are thousands of people making very good units in their garage. This is all about takin what they produce and getting the optimum positive result in a real world application. Go look at the Encompass Holdings board on Ihub. Those dudes produces a fuel injection system and the management ECU for rotary engines with fantastic results. Their CEO talks about hho gas on an internet radio interview you can download from their website. It's very interestin. They understand what needs to be done to make hydrogen gas do as claimed in combustion engines.
Anyone telling you that you can go to Home Depot and buy all of the necessary items to build an HHO reactor yourself that will work on a vehicle ... simply does not know SQUAT about hydrogen and its use as a fuel.
HYHY licensed its technology from CHEC out of Bowmanville, Ontario.
CHEC got its technology from I-Drive.
That spun off HyDrive, CHEC and Dynamic.
They have all raised tens of millions of dollars to do HHO insertion and NONE of them have been a business success.
lolol
jmo
Yup ... and yet no one has been able to capitalize off this product by selling units.
Lots of share selling scams surrounding hydrogen though.
jmo
OMG not all that old garbage again that gets quoted with every Hydrogen scam going.
Bits and pieces stolen from various tests ... none of which is conclusive.
Seen it ALL before.
jmo
Great potential when in the right hands.
Here is a synopsis of a sampling of the research that has been done:
In 1974 John Houseman and D.J Cerini of the Jet Propulsion Lab, California Institute of Technology produced a report for the Society of Automotive Engineers entitled “On-Board Hydrogen Generator for a Partial Hydrogen Injection Internal Combustion Engine”.
In 1974 F.W. Hoehn and M.W. Dowy of the Jet Propulsion Lab, prepared a report for the 9th Inter society Energy Conversion Engineering Conference, entitled “Feasibility Demonstration of a Road Vehicle Fueled with Hydrogen Enriched Gasoline.”
In the early eighties George Vosper P. Eng., ex-professor of Dynamics and Canadian inventor, designed and patented a device to transform internal combustion engines to run on hydrogen. He later affirms: “A small amount of hydrogen added to the air intake of a gasoline engine would enhance the flame velocity and thus permit the engine to operate with leaner air to gasoline mixture than otherwise possible. The result, far less pollution with more power and better mileage.” In 1995, Wagner, Jamal and Wyszynski, at the Birmingham , of University Engineering, Mechanical and Manufacturing, demonstrated the advantages of “Fractional addition of hydrogen to internal combustion engines by exhaust gas fuel reforming.” The process yielded benefits in improved combustion stability and reduced nitrogen oxides and hydrocarbon emissions.
Roy MacAlister, PE of the American Hydrogen Association states the “Use of mixtures of hydrogen in small quantities and conventional fuels offers significant reductions in exhaust emissions” and that “Using hydrogen as a combustion stimulant it is possible for other fuels to meet future requirements for lower exhaust emissions in California and an increasing number of additional states. Relatively small amounts of hydrogen can dramatically increase horsepower and reduce exhaust emissions.”
At the HYPOTHESIS Conference, University of Cassino, , June 26-29, 1995, a group of scientists from the University of Birmingham, UK, presented a study about hydrogen as a fraction of the fuel. In the abstract of that study it stated: “Hydrogen, when used as a fractional additive at extreme lean engine operation, yields benefits in improved combustion stability and reduced nitrogen oxides and hydrocarbon emissions.”
In the Spring of 1997, at an international conference held by the University of Calgary, a team of scientists representing the Department of Energy Engineering, Zhejiang University, China, presented a mathematical model for the process of formation and restraint of toxic emissions in hydrogen-gasoline mixture fueled engines. Using the theory of chemical dynamics of combustion, the group elaborated an explanation of the mechanism of forming toxic emissions in spark ignition engines. The results of their experimental investigation conclude that because of the characteristics of hydrogen, the mixture can rapidly burn in hydrogen-gasoline mixture fueled engines, thus toxic emissions are restrained. These studies and other research on hydrogen as a fuel supplement generated big efforts in trying to develop practical systems to enhance internal combustion engine performance. A few of them materialized in patented devices that didn’t’t reach the level of performance, safety or feasibility that would allow them to reach marketing stages.
California Environmental Engineering (CEE) has tested this technology and found reduction on all exhaust emissions. They subsequently stated: “CEE feels that the result of this test verifies that this technology is a viable source for reducing emissions and fuel consumption on large diesel engines.”
The American Hydrogen Association Test Lab tested this technology and proved that: “Emissions test results indicate that a decrease of toxic emissions was realized.” Again, zero emissions were observed on CO. Northern Alberta Institute of Technology. Vehicle subjected to dynamometer loading in controlled conditions showed drastic reduction of emissions and improved horsepower.
Corrections Canada tested several systems and concluded, “The hydrogen system is a valuable tool in helping Corrections Canada meet the overall Green Plan by: reducing vehicle emissions down to an acceptable level and meeting the stringent emissions standard set out by California and British Columbia; reducing the amount of fuel consumed by increased mileage.”
Additionally, their analysis pointed out that this solution is the most cost effective. For their research they granted the C.S.C. Environmental Award.
We also conducted extensive testing in order to prove reliability and determine safety and performance of the components and the entire system. As a result of these tests, we achieved important breakthroughs as far as the designs of the components were concerned. We have since increased the hydrogen/oxygen production significantly. This has resulted in increased effectiveness on engine performance.
The results of these tests were able to confirm the claims made about this technology: the emissions will be reduced, the horsepower will increase and the fuel consumption will be reduced.
From researching the Internet we also found the following information
To best describe how Hydrogen Enhanced Combustion works, we are providing this excerpt from a University Technical Report, written by Mr. George Vosper, P.Eng.;
...a Hydrogen Generating System (HGS) for trucks or cars has been on the market for some time. Mounted on a vehicle, it feeds small amounts of hydrogen and oxygen into the engine’s air intake. Its makers claim savings in fuel, reduced noxious and greenhouse gases and increased power. The auto industry is not devoid of hoaxes and as engineers are sceptics by training, it is no surprise that a few of them say the idea won’t work. Such opinions, from engineers can’t be dismissed without explaining why I think these Hydrogen Generating Systems do work and are not just another hoax. The 2nd law of thermodynamics is a likely source of those doubts. Meaning ...the law -would lead you to believe that it will certainly take more power to produce this hydrogen than can be regained by burning it in the engine. i.e. the resulting energy balance should be negative. If the aim is to create hydrogen by electrolysis to be burned as a fuel, the concept is ridiculous. On the other hand, if hydrogen, shortens the burn time of the main fuel-air mix, putting more pressure on the pis ton through a longer effective power stroke, and in doing so takes more work out, then this system does make sense.
Does it work? Independent studies, at different universities, using various fuels, have shown that flame speeds increase when small amounts of hydrogen are added to air-fuel mixes. A study by the California Institute of Technology, at its Jet Propulsion Lab Pasadena, in 1974 concluded:
The J.P.L. concept has unquestionably demonstrated that the addition of small quantities of gaseous hydrogen to the primary gasoline significantly reduces CO and NOx exhaust emissions while improving engine thermal efficiency
A recent study at the University of Calgary by G.A. Karim on the effect of adding hydrogen to a methane-fuelled engine says
... The addition of some hydrogen to the methane, speeds up the rates of initiation and subsequent propagation of flames over the whole combustible mixture range, including for very fast flowing mixtures. This enhancement of flame initiation and subsequent flame propagation, reduces the Ignition delay and combustion period in both spark ignition and compression ignition engines which should lead to noticeable improvements in the combustion process and performance
What happens inside the combustion chamber is still only a guess. In an earlier explanation I suggested that the extremely rapid flame speed of the added hydrogen oxygen interspersed through the main fuel air mix, gives the whole mix a much faster flame rate. Dr. Brant Peppley, Hydrogen Systems Group, Royal Military College , Kings ton , has convinced me that insufficient hydrogen is produced to have much effect by just burning it. He feel’s that the faster burn is most likely due to the presence of nascent (atomic) hydrogen and nascent oxygen, which initiate a chain reaction. I now completely agree. Electrolysis produces “nascent” hydrogen, and oxygen, which may or may not reach the engine as nascent. It is more probable that high temperature in the combustion chamber breaks down the oxygen and hydrogen molecules into free radicals (i.e. nascent). The chain reaction initiated by those free radicals will cause a simultaneous ignition of all the primary fuel. As it all ignites at once, no flame front can exist and without it there is no pressure wave to create knock.
The results of tests at Corrections Canada’s, Bowden Alberta Institution and other independent tests reinforce the belief that combustion is significantly accelerated. They found with the HGS on, unburned hydrocarbons, CO and NO, in the exhaust were either eliminated or drastically reduced and at the same R.P.M. the engine produced more torque from less fuel.
Recently I took part in the highway test of a vehicle driven twice over the same 200-kilometre course, on cruise control, at the same speed, once with the system off and once with it on. A temperature sensor from an accurate pyrometer kit had been inserted directly into the exhaust manifold, to eliminate thermal distortion from the catalytic converter. On average, the exhaust manifold temperature was 65°F lower during the second trip when the Hydrogen Generating System was switched on. The fuel consumption with the unit off was 5.13253 km/li. and 7.2481 km/li. with it on, giving a mileage increase of 41.2% and a fuel savings attributable to the unit of 29.18%
Many have claimed to be using Hydrogen on demand ... none have proven it works.
GLTY
jmo
OK Earnest.
Tell me what their claims have been. Save me a little time. I'll respond with what I know and some science behind hydrogen as a fuel. I really have no idea what these dudes have claimed. I'm also interested in any connection with Hydrogen Hybrid Corp. and their CEO Ken Owen. Owen pumped the technology with no intent to deliver. I hear the CEO here has pretty much done the same. Owen is being sentenced Aug 25.
HYHY bought their technology from CHEC out of Ontario.
And neither HYHY or CHEC have shown any ability to actually deliver any fuel results.
Where are the verifiable third party lab tests???
Answer: There are NONE.
jmo
Who are the CHEC guys?
What they all don't have is the ability to manage a hybrid fuel system. HHO has a fantastic effect in combination with all fuels. The key is the brain, fuel management and I follow the guys that can manage fuel. With these scams it's not the technology it's the P&D people who run the show. Don't mistake this technology for hydrogen fuel cells using liquid hydrogen. Producing 2 liters a min. of hydrogen gas is easy. Manage that gas through the air intake and you get results that most would think fake. Believe me, it's not.
HYHY is painted with a dirty brush.
OSC and SEC investigations.
I have followed the CHEC guys for years ... they have nothing.
jmo
Yup ... a total scam from top to bottom.
jmo
George Georgiou - Settlement Agreement
http://www.investorvoice.ca/Cases/Investor/Blackburn/Georgiou(Re).htm
Ontario Securities Commission
Chapter 13 - SRO Notices and Disciplinary Proceedings 13.1 SRO Notices and Disciplinary Decisions (2000), 23 OSCB 3772 #21/00
May 19, 2000
Georgiou (Re)
IN THE MATTER OF Discipline Action Pursuant to By-Law 20 of
the Investment Dealers Association of Canada
May 17, 2000
George Georgiou - Settlement Agreement
Pursuant to By-law 20.25 of the Investment Dealers Association of Canada ("the Association") the Respondent, George Georgiou, agrees and consents to the following:
I. SUMMARY OF FACTS
1.
George Georgiou (the "Respondent") has been a Registered Representative in the securities industry with a Member of the Association from January 6, 1989 to January 27, 1995. His work history is as follows:
Walwyn Stogell Cochran Murray Ltd. (Kitchener, Ont.)
Jan 6'89 to Jun 1'90
Midland Walwyn Capital Inc.* (Kitchener, Ont.) Jun
1'90 to Nov 19 '93
Levesque Securities Inc. (Kitchener, Ont.) Nov 24
'93 to Jan 27 '95
(*"Midland", now Merrill Lynch Canada Inc.)
[...]
87. In settling this matter, the Association took into consideration the fact that these events took place over four years ago while the Respondent was between the ages of 21 to 25.
II.
STATUTES OR REGULATIONS THERETO, BY-LAWS, REGULATIONS, RULINGS OR POLICIES NOT COMPLIED WITH:
The Respondent failed to comply with the By-laws, Regulations or Policies of the Association as follows:
Count #1 to #3
Between January 22, 1993 to November 19, 1993, George Georgiou effected discretionary trades in 3 client accounts, namely the accounts of Hildegard Benik, Isabel Hetherington and Gail Blackburn, without the prior knowledge or written authorization of the clients and without such client accounts having been specifically approved and accepted in writing as a discretionary account by the designated person of the Member, Midland Walwyn Capital Inc., contrary to Regulation 1300.4(a) and (b).
Count #4 to #6
Between January 22, 1993 to November 19, 1993, George Georgiou effected short sales transactions in 3 client accounts, namely the accounts of Hildegard Benik, Isabel Hetherington and Christine Lynda Brokenshire, without first obtaining signed margin agreements from the clients, contrary to Regulation 200.1(i)(2).
Count #7
Between November 24, 1993 to January 27, 1995, George Georgiou effected short sales in 6 client accounts while under restrictions from the Member, Midland Walwyn Capital Inc., which prohibited him from conducting short sales without obtaining prior manager approval, thereby engaging in business conduct which is unbecoming or detrimental to the public interest, contrary to By-law 29.1.
Count #8 to #11
Between January 22, 1993 to November 19, 1993, in respect of 4 client accounts, namely the accounts of Hildegard Bepik, Christine Lynda Brokenshire, Kimberly Nordick and John and Freda Szalay, George Georgiou failed to exercise due diligence to ensure that trade recommendations made for those accounts were appropriate for the clients and in keeping with the clients' respective investment objectives, contrary to Regulation 1300.1(c).
Count #12 to #15
Between January 22, 1993 to January 27, 1995, George Georgiou either borrowed monies from or loaned monies to 4 clients, namely Peter and Barbara Wurtele, Gale Blackburn, John Matsias and Jack Hougassien (Tech-Hi), thereby engaging in business conduct which is unbecoming or detrimental to the public interest, contrary to By-law 29.1.
Count #16 to #17
On or about July 16, 1993, George Georgiou failed update the new account documentation with respect to 2 client accounts, namely the accounts of Hildegard Benik and William Nordick, thereby failing to exercise due diligence to learn the essential facts relative to every client and to every order or account accepted, contrary to Regulation 1300.1(a).
Count #18 to #20
Between November 24, 1993 to January 27, 1995, in respect of 3 client accounts, namely the accounts of Gale Blackburn, Paul and Anna Tuerr and Accumach Holdings, George Georgiou either provided the clients with written guarantees or entered into personal financial arrangements to privately settle the clients' complaints without the knowledge, consent or authorization of the Member firm, Levesque Securities Inc., thereby engaging in business conduct which is unbecoming or detrimental to the public interest, contrary to By-law 29.1.
Count #21
Between November 1, 1994 to January 27, 1995, George Georgiou effected discretionary trades in 1 client account, namely the account of Gail Blackburn, without the prior written authorization of the client and without the client account having been specifically approved and accepted in writing as a discretionary account by the designated person of the Member. Levesque Securities Inc., contrary to Regulation 1300.4(a) and (b).
Count #22
Between November 1, 1994 to January 27, 1995, George Georgiou effected 47 transactions in 1 client account, namely the account of Tech-Hi, thereby generating $43,122.83 in commissions. The trading activity in the account was excessive and beyond the bounds of good business practice, contrary to Regulation 1300.1(b).
Count #23
Between November 1, 1994 to January 27, 1995, George Georgiou effected 76 transactions in 1 client account, namely the account of Paul and Anna Tuerr, thereby generating $46,240.30 in commissions. The trading activity in the account was excessive and beyond the bounds of good business practice, contrary to Regulation 1300.11(b).
III. FUTURE COMPLIANCE
The Respondent hereby states that in future he will comply with the Regulations not complied with as described in Part II of this Settlement Agreement.
IV. CONSENT AND AGREEMENT
The Respondent hereby consents and agrees with the terms of settlement as set out in this Settlement Agreement.
V. ACCEPTANCE OF PENALTY
The Respondent accepts the imposition by the Association of the following discipline penalties: i)
A fine of $50,000 to be paid to the Association within four (4) months of the date of acceptance of this Settlement Agreement by the District Council;
ii)
A suspension of the Respondent's receiving approval from acting in any registered capacity with any Member of the Association for a period of ten (10) years, commencing January 31, 1995 till January 31, 2005;
iii)
A condition of strict supervision for a period of three (3) years following any period of suspension imposed by the District Council, and the employing Member shall be required to complete and submit monthly supervision reports on a timely basis to the Registration Department of the Association;
iv)
A condition that the Respondent must re-write and pass the Conduct and Practices Handbook examination administered by the Canadian Securities Institute within ninety (90) days prior to the submission of an application for approval by the Respondent to the Association. Evidence of successful completion must be provided to the Association within thirty (30) days thereafter; and
v)
The Respondent must satisfy in full all of the fines, conditions and costs imposed by the District Council pursuant to this Settlement Agreement within the specified time parameters. Failure to do so may result in the immediate suspension of his approval in any capacity until such time that all fines, conditions and costs are paid or complied within full.
VI. ASSOCIATION COSTS
The Respondent shall pay the Association for its costs of the investigation in this matter the amount of $15,000.00 payable within four (4) months of the acceptance of this Settlement Agreement by the District Council.
VII. EFFECT OF NON-COMPLIANCE WITH PENALTIES
The Respondent admits notice of By-law 20.35 of the Association: 20.35
In the event that a fine or condition imposed by the District Council pursuant to By-law 20.6 or 20.10 is not paid or complied with, respectively, within the time prescribed by the District Council, the applicable District Council may, upon application by the Senior Vice-President, Member Regulation, and without further notice to the individual or Member concerned, suspend the approval of such individual or the rights and privileges of such Member, respectively, until such fine is paid or condition fulfilled.
VIII. WAIVER
The Respondent hereby waives his right to a hearing pursuant to the Association's By-laws in respect of the matters described herein and any right of appeal or review which may be available pursuant to such By-laws or any applicable legislation.
IX. EFFECTIVE DATE AND NOTICE OF PENALTY
This Settlement Agreement shall only become effective in accordance with its terms upon the acceptance or the imposition of a lessor penalty or less onerous terms by the applicable District Council of the Association in accordance with By-law 20.26 of the Association and, in such event, the Respondent shall be deemed to have been penalized pursuant to By-law 20.10 for the purpose of giving notice thereof.
DATED at the City of Toronto in the Province of Ontario, this 17th day of May, 2000. WITNESS GEORGE GEORGIOU
ACCEPTED by the Ontario District Council of the Investment Dealers Association of Canada, this 18th day of May, 2000.
INVESTMENT DEALERS ASSOCIATION OF CANADA
Per: Fred Kaufman
Per: Bob Guilday
Per: David Kerr
http://www.investorvoice.ca/Cases/Investor/Blackburn/Georgiou(Re).htm
Earnest you're actually off base on this technology.
I've done a sht load a DD on this and there is an honest group that plans on taking it to the next level. they're engine manufactures. Rotary engines and have done a lot of testing on hybrid fuels. Fuels used in combination with HHO. Some very interestin results. The P&D boys latch on to it but have no friggin idea what direction is up.
Any connection here to Hydrogen Hybrid Corp.?
The CEO for them is also being sentenced for securities fraud in August.
I believe the SEC has charged the principals huge fines and disgorgement.
jmo
Has this company gone out of business? Has anyone heard any recent news? Thanks.
Good to hear they got that scammer.
Thanks for the update.
jmo
Next is usually "demonstrated inability to pay" and waiver of fines, if it runs true to past form.
The Commission’s action, filed in the Eastern District of Pennsylvania on February 12, 2009 seeks a permanent injunction, disgorgement, prejudgment interest, civil penalties, and a penny stock bar against Georgiou. The action has been stayed pending resolution of the criminal charges.
That's a very large fine
HYHY
Too old to live
too young to die
BYBY
GEORGE GEORGIOU CONVICTED OF SECURITIES FRAUD AND OTHER CHARGES RELATING TO MULTIMILLION DOLLAR MARKET MANIPULATION SCHEMES
Litigation Release No. 21426 / February 25, 2010
U.S. v. George Georgiou, Criminal Action No. 09-88 (E.D. Pa.)
SEC v. George Georgiou, Civil Action No. 09-CV-616 (E.D. Pa.)
GEORGE GEORGIOU CONVICTED OF SECURITIES FRAUD AND OTHER CHARGES RELATING TO MULTIMILLION DOLLAR MARKET MANIPULATION SCHEMES
The Securities and Exchange Commission (“Commission”) announced today that on February 12, 2010, after a three week jury trial prosecuted by the United States Attorney’s Office in Philadelphia, Pennsylvania, George Georgiou, of Toronto Ontario, was convicted of securities fraud, conspiracy, and wire fraud for his role in manipulating the market in four separate microcap stocks – Avicena Group, Inc., Neutron Enterprises, Inc., Hydrogen Hybrid Technologies, Inc., and Northern Ethanol, Inc. Sentencing is scheduled for May 7, 2010. Georgiou faces a maximum sentence of 165 years in prison and $21.25 million in fines.
The Commission previously filed a civil injunctive action against Georgiou based on similar conduct. According to the Commission’s complaint, from 2004 through September 2008, Georgiou, who controlled the publicly-traded stock of each company, manipulated the market for the purpose of artificially inflating each company’s stock price or to create the false appearance of an active and liquid market. In order to do so, Georgiou used many nominee accounts that he either directly or indirectly controlled at offshore broker-dealers and banks, and used a variety of manipulative techniques, including matched orders and wash sales. The Complaint alleges that ultimately, Georgiou realized at least $20.9 million in ill-gotten gains from his manipulation schemes through sales of artificially inflated stock and by using the artificially inflated stock as collateral to fraudulently obtain “margin” and other cash loans from Bahamian brokerage firms. The Commission’s action, filed in the Eastern District of Pennsylvania on February 12, 2009 seeks a permanent injunction, disgorgement, prejudgment interest, civil penalties, and a penny stock bar against Georgiou. The action has been stayed pending resolution of the criminal charges.
The Commission acknowledges the assistance of the Ontario Securities Commission, the Securities Commission of the Bahamas, and the Turks & Caicos Islands Financial Services Commission in connection with this matter.
For further information, please see Litigation Release No. 20899 (February 12, 2009).
http://www.sec.gov/litigation/litreleases/2009/lr20899.htm
http://www.sec.gov/litigation/litreleases/2010/lr21426.htm
The glossy hard mailer always seems to bring in the newbs ... but it usually results in a real mass slaughter.
jmo
Kinda knew when i get the nice 8 page, glossy, full color thing in the mail it was a scam.. was following this one for a while and did not see a reason to waste my money here.. did that in a couple other POS ceo scam..
maybe he get a big one in prison if you know what i mean..
You are right ... Total SCAM.
So many lawsuits coming against these crooks.
jmo
Total scam.
Lost a few k on this.
Caveat Emptor.
WP
HYHY's technology did not work.
Why would it work for a new company?
jmo
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