Tautachrome Inc (TTCM)

[Huggy Bear]

As I have noted previously, Mr Nugent, although called by ASIC was not questioned
by his own counsel about anything. Nothing was sought from him which would serve
to explain his conduct concerning the film or to support a submission that he had
reasonable grounds for making the expenditure representation. The only conclusion
which I can draw in all the circumstances is that he could not say anything which
would have assisted his case. In addition to the findings I have made about his role in
the conduct of CME I think it is important to bear in mind his unworthy conduct
concerning the provision of the engine to ASIC. In the absence of any evidence from
Mr Nugent on these issues, in the light of his lengthy and intimate connection with
CME and its actions, and the fact that the material on the web site (the film and
associated text) was not removed, I think it is appropriate that injunctions issue
restraining both CME and Mr Nugent from dealing with the breaches I have found to
have occurred.

https://archive.sclqld.org.au/qjudgment/2009/QSC09-058.pdf

This is why Nugent moved the Roadships and Novagen scams to the USA.

He was banned from the markets in Australia.

Nugent was an officer in both scams. After Nugent was thoroughly exposed for being the serial con artist he is, he passed the RDSH reins to his COO Leonard, who then changed the name and con game to TTCM.