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Securities and Exchange Commission v. Nova Gen Corporation et al
Case Number:
3:09-cv-02711
Court:
Nature of Suit:
Judge:
Government Agencies
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August 04, 2011
Energy Startup, CEO Ordered To Pay SEC $3.5M
A California federal judge on Tuesday ordered Nova Gen Corp. and its CEO to pay nearly $3.5 million in civil penalties and disgorgement for raising millions of dollars from investors by fraudulently claiming to own technology that converts coal into biodiesel.
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June 21, 2011
SEC Seeks $3M Penalty Against Energy Startup's Agent
The U.S. Securities and Exchange Commission asked a California federal court Monday for a nearly $3 million penalty for an agent who helped a purported energy company raise millions of dollars by fraudulently claiming to own technology capable of converting coal into biodiesel fuel.
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June 01, 2011
Judge OKs SEC Settlement With Clean Energy Startup
A California federal judge approved a settlement Tuesday between federal securities regulators and a company that raised about $2.4 million by claiming to own technology capable of converting coal into biodiesel fuel despite a lack of proof the technology worked.