Longwei Petroleum (fka LPIH)

[MorningLightMountain]

Toups mentioned 14 times here:

http://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date?source=feed

does not look GOOD at all:

The following photo of the entrance to LPH's corporate office (where CFO Mike Toups claims to spend half the year working) was taken from our Camera 2 on December 2, 2012:


Mr. Gentry then asks LPH CFO Mike Toups:

"To what extent have you verified what we're seeing on the ground what we're told in the financials is accurate?"

Mr. Toups replies:

"Dave, I've spent a considerable amount of time here in Taiyuan City working with the company, working with the management. I've really rolled up my sleeves in terms of understanding the financials…"

Mr. Toups then announces that LPH would set up webcams on its new website so investors could view the facilities and see the tanker trucks fueling. Nine months later, after repeatedly making excuses for delays

Our video surveillance proves that CFO Mike Toups' claim of 50-60 trucks per day fueling at LPH's Taiyuan facility is an outrageous exaggeration that Mr. Toups should be well aware of every time he visited the nearly idle Taiyuan facility. The real reason LPH never installed the webcams is because they have no business to film, as we observed during our 7 weeks of time-lapse video surveillance. LPH is defrauding its investors, just like China Integrated Energy, only on an even larger scale.