Global Water Technologies, Inc. (GWTR)

[wando61624]

Noted ponzi scheme artist and former GWTR Chairman Of Board Timothy J. Cloughlin sentencing trial comes up Sept.26 2014.
Cloughlin has already pleaded guilty and he faces up to 23 years in prison for his crimes. I would suspect he will plea bargain and possibly sing like a canary in return for a reduced sentence. It will be interesting to see if he throws anyone under the bus during his trial. I did some DD and discovered that one of Cloughlins scam companies OICU is a major over 10 per cent share holder in GWTR plus Cloughlin is acknowledged in a GWTR pr as being a $315,000
convertible debenture holder in GWTR. I can see the SEC being all over this at the moment in their investigations.
Here is some supplemental shareholder info from GWTR filed in 2014.

The following sets forth information with respect to the Company's Common
Stock beneficially owned by holders of 5% or greater of the issued and
outstanding common stock on December 31, 2013.
Name and Address of
Beneficial Owner
Title of
Class
Amount and Nature
of Beneficial
Ownership
Percent of
Class (1)
Blue Sky Circle, LLC
Erik Hromadka (2)
PO Box 1452
Indianapolis, IN 46206
Common
Stock 1,972,400 shares 12.04%
OICU LTD
10420 Hague Road
Suite F
Fishers, IN 46038
Common
Stock 1,650,000 shares 10.07%