OK, will someone tell me how this is any different from what Al Gorbachev was doing with his Carbon Credit scheme?
The SEC alleges that the group included stock promoters, traders, and a lawyer who wrote a fraudulent opinion letter. The scheme resulted in more than $7 million in illicit profits from sales of stock in CO2 Tech Ltd. at artificially inflated prices. Despite touting impressive business relationships and anti-global warming technology innovations, CO2 Tech did not have any significant assets or operations. The company was purportedly based in London, and its stock prices were quoted in the Pink Sheets.
http://www.sec.gov/news/press/2011/2011-46.htm
Just like the tech bubble of the 90's...
I knew you could make money in green tech...
Quote from: Wallington Minge on February 21, 2011, 06:22:44 AM
Just like the tech bubble of the 90's...
Apparently some greedy liberals didn't like the competition.
Quote from: taxed on February 21, 2011, 07:45:15 AM
I knew you could make money in green tech...
Only if you clear it through the gov, so they get their cut.
This is such a scam in the first place.
But the irony of busting these guys for doing what the socialists are already doing, and getting busted for it is the height hypocrisy.