FACT:
Petro America shareholders launch website
By MARK DAVIS
The Kansas City Star
Federal fraud charges aside, Kansas City-based Petro America Corp. lives on.
Shareholders continue to hold phone-in sessions and promote the firm’s purported $284 billion value on a new website.
Posts at www. petroamericashareholders. com emphasize that the site does not involve the company, whose founder was indicted last year along with three others over stock sales that prosecutors claim took investors for $7.2 million.
One video at the new website shows shareholder Bill Simmons of Independence repeating the assertion that Petro’s assets total $284 billion, along with new claims of owning 28 oil wells. Federal prosecutors dismissed the valuation as part of a scam.
The new site said it sought to educate elected officials about “unjust governmental interference & intrusion in private enterprise” that the company and its former CEO, Owen Hawkins, have suffered.
The group is looking for help with its phone-call committee (“contact numbers and script included”); its letter mail-out committee (“pre-written letters to update weekly”); and its T-shirt committee (“keep accurate records”).
It also wants help to organize a march on the federal courthouse in Kansas City in May and on the White House in September.
Hawkins, Johnny Heurung of Minnesota and Teresa Brown of Texas have pleaded not guilty to various federal charges.
A fourth defendant, Clarence Moore of Atlanta, pleaded not guilty last week at his arraignment in Kansas City.
Moore was credited in the federal indictment with calculating, along with Hawkins, the $284 billion valuation of Petro and its stock. He also signed the company’s tax returns, the indictment said.
Hawkins, meanwhile, has posted two spots at www.blogtalkradio.com in which he talks about his background and declares war on poverty. It contains no mention of Petro America.
To reach Mark Davis, call 816-234-4372 or send e-mail to mdavis@kcstar.com.
Posted on Tue, Mar. 08, 2011 10:25 PM
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EOD.
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