According to the SEC, Rivera and Alice M. Price — whom Bramlette describes as Rivera’s caregiver and, since August 2010, his wife — and others planned to dump their own shares of the company after the market manipulation was complete, reaping huge profits in what turned out to be a virtually worthless company.
It said Price sold more than 35 million combined shares in USSEC and Sustainable Power Corporation, another company Rivera owned, “and allegedly used the more than $2 million proceeds to fund her lifestyle with Rivera and the activities of USSE.”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.