Alternative Energy Claims SEC Wants It To Go Bankrupt

Law360, Washington (April 12, 2012, 12:23 PM EDT) -- Alternative Energy Holdings Inc. on Wednesday shot back at the U.S. Securities and Exchange Commission's allegations it fraudulently raised money for a $10 billion nuclear power plant, calling the agency's bid to subpoena its business partners an attempt to push it into insolvency.

AEHI says the SEC's subpoenas to Vital Funds Inc., Corporate Strategies LLC, Southwest Escrow Corp. and GT Securities Inc. fall outside the scope of the SEC's complaint that asserts AEHI fraudulently raised millions of dollars for the plant.

The agency alleges the funding...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Alternate Energy Holdings, Inc et al


Case Number

1:10-cv-00621

Court

Idaho

Nature of Suit

Securities/Commodities

Judge

Edward J. Lodge

Date Filed

December 16, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.