Replies to post #172137 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Right. I'm sure JBII will pay a higher fine than Xerox did which was a world record at the time for 6 years of actual revenue and earnings fraud in the billions.

Sure. Uh huh.

Here's the first random example I found via Google of a "private placement" fraud allegation from the SEC. $2.9 million private placement -- company agreed to give back $242,339 including interest or less than 10% of it:

http://sec.gov/litigation/litreleases/2011/lr21808.htm

And if you read the case -- that's REAL fraud. Not a single line accounting error from 3 years ago. The entire private placement was accused of being a represented fraud.

The notion that JBII will have a fine as big as Xerox, which had years of severe earnings accounting fraud, is just laughable.

[Gooeyduck]

They will settle but not for that list of garbage :) JBII will be fined, nothing will happen to the company or its personnel and once that fiasco is over with, JBI can direct its full attention to building processors for its partners starting off with Rock Tenn