
July 9th 07, 08:46 PM
posted to rec.aviation.homebuilt,rec.aviation.piloting
|
|
FWIW, Moller Again ?
Paul Tomblin wrote:
Read the Wikipedia entry:
http://en.wikipedia.org/wiki/Moller_Skycar
He already settled with the SEC after they sued him in 2003 for civil
fraud for making unsubstaniated claims about the performance of the
Skycar. He agreed to a permanent injunction and a $50,000 fine.
http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the projected
value of company shares after such listing, and the prospect for Skycar
sales and revenue. In September 2001, the company filed a fraudulent
registration statement with the Commission that exaggerated the true scope
of patents the company held for the Skycar. During the Commission's
investigation, the company belatedly cooperated with the staff in an
attempt to bring it into compliance with the securities laws and to
resolve all outstanding enforcement issues.
I don't get it. He's already been busted but he gets to keep up the
same old BS?
Tony
|