Plastic2Oil Inc (PTOI)

[loanranger]

Of course it's fraud.

The company reflected an asset in their financial statements at a value of $10,000,000 which they acquired for shares having a value of $1,000,000 and which the company itself admitted in a public filing 6 months later was totally worthless.
The company used those financial statements as part of the documentation provided to participants in two funding efforts.....Private Investments in the Public Equities of the company.


That's fraud.


"Not according to the honorable US District court Judge Wolf of the Boston courthouse."
We haven't heard from him yet. If he signs the proposed judgment it confirms that he finds that fraud occurred.

"Not according to the commissioner sitting in Washington DC... "
The commission has already passed judgment on a settlement that says ""Defendants engaged in a scheme to commit securities and accounting fraud by stating materially false and inaccurate financial information on the financial statements of JBI, Inc. for two reporting periods during 2009."
The defendants have accepted that settlement.


It's fraud. The defendants don't deny it.