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Wednesday, 07/16/2014 1:30:49 PM

Wednesday, July 16, 2014 1:30:49 PM

Post# of 7652
In 2008, for example, the SEC filed charges against Mississippi-based Sustainable Energy, alleging that the company made false claims to boost share prices from 25 to 45 cents a share, even above 70 cents after some wildly exaggerated press releases. In one release, Sustainable Energy said it could produce 5 gallons of biofuel from one bushel of soybeans, at a price of 50 cents per gallon. As a result of the alleged embellished claims, stock prices soared quickly-and artificially-prompting Sustainable Energy CEO John H. Rivera's girlfriend to sell more than 2.6 million shares and then transfer a substantial portion of the proceeds into a bank account held jointly with Rivera.

http://biomassmagazine.com/articles/3851/unearthing-green-scams
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