December 19, 2014 at 11:51 pm #40866
Our research into Triton Energy, Inc.,Overland Energy, Inc., Acorn Energy, Inc has turned up one or more ‘red flags’ or violations involving both the Triton Energy, Inc.,Overland Energy, Inc., Acorn Energy, Inc and the individuals Garry B. Smith and Robert James Nelson.
These violations, not the violators, have, in the past, been associated with other individuals/companies involved in alleged State and Federal securities and criminal violations and/or fraud.
Garry B. Smith of Garland was indicted by a Collin County grand jury March 25 on charges of theft, securities fraud, and money laundering for the alleged sale of fraudulent investments contracts in oil and gas drilling projects. A co-defendant, Robert James Nelson of Prosper, was indicted on the same charges. Smith and Nelson allegedly sold units of interest in a six-well venture in Archer County. The men failed to disclose that they used investor funds to pay for expenses unrelated to drilling and other costs. The indictment also alleges that Smith did not disclose to investors his history of regulatory sanctions, judgments, and orders of restitution from civil court lawsuits.
Some of the ‘red flags‘ include:
- A Trail of Regulatory and Legal Problems, And Now Fraud Indictments – http://content.govdelivery.com/accounts/TXSSB/bulletins/b4ba86
- True Bill of Indictment Garry B. Smith – http://www.ssb.state.tx.us/Enforcement/legalactions/Smith_ind_CollinCo.pdf
- True Bill of Indictment Robert James Nelson – http://www.ssb.state.tx.us/Enforcement/legalactions/Nelson_indictments_Collin.pdf
The above statement and/or violations should not be considered as an accusation against the company or individuals cited. Everyone is considered innocent until proven otherwise in a legal forum.
If you are interested in more information regarding these violations, please contact us.
- This topic was modified 2 years, 9 months ago by svadmin.
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