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king oil

01/21/12 11:48 AM

#6523 RE: mrnutsandbolts #6522

LOL, you still believe the DR story? The SEC said it was a fraud. The judge said it was a fraud. It was a scam from day one.

wechoose

01/21/12 11:53 AM

#6524 RE: mrnutsandbolts #6522

CAVD (Catalytic Added Vacume Distillation) is no fraud or scam. What was fraudulent were the claims of what the yield was, what the fuel could do and what the costs were.

JR's invention is in use today as a continued development by John Stanton. CMT in Missouri is running one with tire feedstock to produce activated charcoal and carbon black. Stanton's fraud was in separating the invention (and money) from the shareholders.

And, finally, the SEC case against JR was due to his selling stock away from false PR's. The case was financial, not criminal. No one was ever going to be charged or go to jail.