Petro America Corp. (fka PTRZ)

[nodummy]

That was a well written post, and I understand what you are saying, but $1.5 million in restitution plus $50,000 in fines plus having a permanent record that people will forever be able to see (the fraud and other issues) is a far cry from not wanting to go through the hassle of showing up in court to fight a speeding ticket. And just for the record Brian Langenbach was given an opportunity for a hearing and 30 days to accept that opportunity. Brian chose to forgo the hearing. Just because he opted not to fight the charges doesn't mean he isn't guilty. In this case it meant that he didn't object to the charges. I get what you are saying about Brian neither admitting or denying the Findings of Fact, but I personally believe that it is as simple as Brian broke some laws and therefore he is guilty.

No the case wasn't heard by a judge. I don't think even if Brian had opted for a hearing that a judge would have been involved. Brian wasn't facing criminal charges he was facing charges by the state of Arizona Securities Commission which regulates business practices in the state of Arizona. Now if somebody who he sold the unregistered securities to decides to sue Brian then that would be handled in a Civil Courtroom in front of a Judge. And if the US Attorney decides to charge Brian Langenbach with a crime (like they have already with Owen Hawkins, Teresa Brown, Johnny Heurung, and Clarence Moore) then that too would be handled in a courtroom in front of a judge.

If there wasn't an active investigation into Petro America Corp I'd agree with you that he will most likely not face any further legal issues, but considering the attention Petro America Corp has gotten from other agencies and Brian's obvious involvement in Petro America Corp, I actually wouldn't be too surprised to see him face charges down the road.


Here is a copy of the Notice of Opportunity For Hearing Regarding Proposed Order to Cease and Desist, Order For Restitution, Order For Administrative Penalties and Order For Other Affirmative Action that was served to Brian Langenbach:

http://images.edocket.azcc.gov/docketpdf/0000118363.pdf