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Renewal Fuels, Inc (RNWF) RSS Feed

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BUYER BEWARE!!

PART OF JUSTIN COSTELLO'S SCAM STOCKS
 
JUST LIKE $GRNF & $HPST



SCAM ALERT!!!!!!









Renewal Fuels, Inc. (OTC: RNWF) acquires and invests in emerging growth and profitable companies with dynamic cultures and low overhead. Our goal is to bolster our balance sheet via acquistions, joint ventures, and direct investments in companies.
                                                
 
http://www.RNWFmerger.com/




Twitter

https://twitter.com/RNWFmerger



BUYER BEWARE!!

PART OF JUSTIN COSTELLO'S SCAM STOCKS
 
JUST LIKE $GRNF & $HPST



SCAM ALERT!!!!!!

Pot Banker Says Looming Criminal Charges Warrant Suit Stay


 
Law360 (June 21, 2021, 6:12 PM EDT) -- A cannabis banking firm has disclosed to a California federal court that its CEO is expected to face various charges in the wake of a federal criminal investigation, saying a suit filed by a client accusing it of withholding nearly $3 million should be paused until the criminal investigation concludes.

Pacific Banking Corp. noted in a Friday memo supporting its bid to stay the case filed by Cann Distributors Inc. that investigators anticipate handing down federal securities and banking charges against Pacific CEO Justin Costello. That information comes from a declaration in a separate civil case Costello is facing, which Pacific cited in Friday's filings.

In that separate case, a Washington state court judge granted a full stay of the action until the criminal prosecution is resolved. Costello's counsel in that case said he spoke with an assistant U.S. attorney for the U.S. Department of Justice and a special agent with the FBI, according to the declaration. The assistant U.S. attorney, Justin Arnold, works in the Western District of Washington and indicated Costello was the target of an investigation that was "very far along" and "moving quickly," and that third parties may also be charged, the declaration reads.

Pacific Banking said Friday that a stay is proper in Cann's case because if discovery were to move forward, Costello "will be faced with the difficult choice between asserting [his] right against self-incrimination, thereby inviting prejudice in the civil case, or waiving those rights, thereby courting liability in the civil case," citing the case of Javier H. v. Garcia-Botello .

Pacific Banking said it will move for an order staying the case on July 29.

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