3Power Energy Group Inc (PSPW)

[sctts]

Whew! Glad he's not with us, I think. :)

FBI has arrested the US businessman that operated in hydropower plant construction in Albania. FBI declared that Paul John McMann, a 52 year old from Weston, Boston, has been arrested a few days ago in Cyprus, where he was hiding.
FBI had issued an international arrest order on wire fraud charges with a value of 1.6 million USD. The businessman who led the company “Commonwealth Albanian Hydro Ventures, Inc”, is accused of forging bank documents for receiving a loan of 450,000 USD. “Shqip” newspaper says that FBI has announced that on 10 November 2010, Paul John McMann, 52-year-old, received three charges for wire and real estate fraud.

McMann stayed far from USA until he was arrested on 10 July 2011, in Cyprus, by the local authorities, in respond to a request released by Interpol. Cyprian authorities brought him at Marshall Center USA on August 4th. On August 10th he is expected to appear in tribunal in front of the judge Boal Jennifer C. According to the official declaration, McMann has registered “Commonwealth Albanian Hydro Ventures, Inc.” on July 2008. This is the company that he used for convincing banks to loan him money on fake documents.