Ehydrogen Solutions, Inc. (EHYD)

[nodummy]

SEC vs Anthony Welch - Round One

Looks like the SEC is finally catching up with Anthony Welch

He was named in litigation recently for one of his past companies, eHydrogen Solutions (EHYD). Another one of his companies, ChromoCure Inc (KKUR) was also named in the litigation.

Full documentation can be found here:

http://www.4shared.com/document/O99--V63/https___ecfganduscourtsgov_cgi.html


According to the litigation Anthony Welch has failed to comply with validly issued and served subpoenas for documents and testimony in connection with the Commission's ongoing investigation into violations of the federal securities laws including, but not limited to, making false statements of material fact or failing to disclose material facts concerning, among other things, proprietary technology purportedly controlled by eHydrogen or ChromoCure Inc, in press releases and other documents, and manipulative trading activity involving the common stock of eHydrogen and ChromoCure.

From at least February 2010 through at least September 2010, eHydrogen issued press releases and made other public disclosures containing potentially false and misleading information, including among other things, that eHydrogen has acquired technologies worth $6.7 million and that it possesses proprietary technologies capable of producing hydrogen to be used in fuel cell vehicles. Further, it appears that from at least October 2009 through September 2010, ChromoCure issued press releases and made other public disclosures containing potentially false and misleading information, including, among other things, that ChromoCure acquired a company worth $29 million, that it possesses proprietary technology that is 100% effective at detecting cancer, and that it has entered into testing agreements with multiple universities.

Anthony Welch has still not responded to the repeated requests for information by the SEC and the subpoenas they have issued.



Thanks for the heads up on this Northwoods and thanks to Rich for providing the link to the court documents