Funny because the SEC still had an open case on the issue for years.
They got him on the civil suit.
He was one busy guy....... and still is.
Says EVERYTHING about his character.
Read up on what he was accused of, what he did
Misrepresentations and Omissions Regarding EPA Emissions Standards
Misrepresentations and Omissions Regarding Harley-Davidson
*** Misrepresentations and Omissions Regarding Orders
Mispresentations and Omissions Regarding the Patents
Misrepresentations and Omissions Regarding Chrysler
ANY of that SOUND FAMILIAR?
I think he learned that he could get away with A LOT and only pay a little fine and a few days in jail. (BINGO! A Great living)
Civil Penalty Against Coates
As discussed above, this court finds that Coates has violated federal securities laws due to: (1) his misrepresentations concerning EPA emissions standards in the December 1991 memorandum, the March 24, 1992 stockholder letter, and the March 26, 1992 stockholder letter; (2) his misrepresentations concerning Harley's testing of the Coates prototype engines in the July 6, 1992 stockholder letter; (3) his misrepresentations and omissions concerning orders for Coates System engines in the March 24, 1992, March 26, 1992, July 6, 1992, and October 7, 1992 stockholder letters; and (4) his failure to correct the statement contained in the December 1991 memorandum with regard to ownership of the Coates System patents.
And look at ALL the times since of the HUGE DEALS he has claimed over the years since.
