Petro America Corp. (fka PTRZ)

[flaflyersfan]

Maybe the IRS was not happy with this part;

Putting Assets on Petro’s Books
12. It was further part of the conspiracy that, in order to keep early investors placated and to attract new investors, HAWKINS, BROWN, HEURUNG and others attempted to swap additional Petro stock in order to claim that Petro had tangible assets.

Some are definitely still PLACATED. This is absolutely disgusting/ criminal/ insulting;

22. It was further part of the conspiracy that, in the spring of 2010, MOORE drove from Atlanta to Kansas City to prepare tax returns for Petro America. HAWKINS and MOORE prepared
the returns together, working from Petro’s incomplete financial records and from information that HAWKINS provided orally to MOORE. Nonetheless, both HAWKINS and MOORE signed and filed the returns, which contained false, misleading, and incomplete information. They also provided copies to the U.S. Attorney’s office. HAWKINS paid MOORE for the work. Petro’s 2007 return showed $150,000 in assets and taxable income of $3,545. Petro’s 2008 return showed $81,101,654 in assets and a loss of $104,642. Petro’s 2009 return showed $284 billion in assets but taxable income of only $9,334. For the three years in total, MOORE and HAWKINS listed a loss of $91,763 in aggregated income totals for Petro. The returns fraudulently included income actually generated by Performance Packaging that was not distributed to Petro America.

It is an absolute joke if anyone believes any written document from Petro America that has no basis in reality and is simply a tool to keep the scam going.

Good luck.