FWIW, Moller Again ?

Anthony W wrote:
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

Please note what he got busted for were all SEC violations and they were
mostly paperwork issues. He needs to get a civil or better yet criminal
charge for fraud slapped on him.