Replies to post #298629 on Plastic2Oil Inc (PTOI)

[jcoukr]

Husain and Jaclin created nine shell companies and sold seven using essentially the same pattern.
Husain created a business plan for each company that would not be implemented beyond a few initial steps, and then convinced a friend, relative, or acquaintance to become a puppet CEO who approved and signed corporate documents at Husain’s direction.
Jaclin supplied bogus legal documents that Husain used to conduct sham private sales of a company’s shares of stock to “straw shareholders” who were recruited and given cash to pay for the stock they purchased plus a commission. Some of the recorded shareholders were not even real people

Wow what if John really was just a puppet CEO and this was a scam from the get go? It would make sense they did blow through 60 million dollars since inception and have a piece of shit broken machine to show for it. Is John going to be investigated by the sec again after this?

Sucks if it's true cause I will be out my entire investment but I must say it would be nice to see John b put behind bars.