Crown Equity Holdings Inc. (CRWE) was awarded a TRO (Temporary Restraining Order) against Discovery Carbon and EQCO2, Inc. (CLNO) CEO Billy Barnwell from a judge last Friday (August 13, 2013) in Las Vegas Regional Justice Court.
The court ordered TRO effectively shuts down Billy Barnwell from engaging in any activity that might be damaging to EQCO2, Inc. (CLNO) shareholders.
The TRO was awarded related to an ongoing Fraud, Misrepresentation, Non Performance & Breach of Contract lawsuit between Discovery Carbon, EQCO2, Inc., Billy Barnwell Vs. Crown Equity Holdings Inc. and Zaman & Co that is based on an Exchange Agreement. You can find the Entire Lawsuit at ( http://crownequityholdings.com/CRWE_vs_EQCO2.pdf ) with the Case No. A-13-687800-C ( http://crownequityholdings.com/CaseDetail.aspx.htm ) and Current SEC Filings at http://crownequityholdings.com/sec_filings.html
One of the actions in the TRO is to prevent EQCO2, Inc. (CLNO) CEO Billy Barnwell from issuing more shares to unsuspecting investors and diluting the company even more.
The TRO also effectively locks him out of the corporate bank account and stops any and all transactions and issuance of stock certificates at the transfer agent that handles EQCO2?s stock transfers.
The TRO was rendered ‘effective immediately’ and was signed by all the required parties involved.
There will be an in depth review of the hearing once the court transcripts are available. Arnold F. Sock is Secretary and CFO of CLNO; Shad Sullivan is Director of the company.
Crown Equity Holdings is seeking a cancellation of the Exchange Agreement between Discovery Carbon Environmental Securities and Cleantech Transit, Inc. In addition, Crown Equity had notified the SEC, Finra and FBI of possible inappropriate solicitations, fraud and lack of transparency by EQCO2, Inc. (CLNO) CEO Billy Barnwell.
This is not the first time Discovery Carbon CEO Billy Barnwell has been in the news for inappropriate behavior.
On March 20, 2009, American Environmental Energy, Inc. (Pink Sheets:AEEI) came out with a press release with title “ American Environmental Energy, Inc. (AEEI) Warns Shareholders of Improper Proxy and Investment Solicitations by Equinox Carbon Equities, Inc.”
In that press release, the company stated: “We have been notified by many of our shareholders that associates of Kensington Resources, a company currently under SEC and FBI investigation, are soliciting investments and proxies from the shareholders of American Environmental Energy. Kensington Resources and many of its affiliates have been ordered to cease and desist from the offer and sale of securities by state securities commissioners in at least two states, Texas and Pennsylvania. See http://www.ssb.state.tx.us/Enforcement/files/1662.pdf . Solicitations are being made by Carlton Williams, believed to be a former agent or employee of Kensington Resources, and Billy Barnwell, an officer of Equinox Carbon Equities. As far as we know, Equinox Carbon Equities does not have any pre-existing business or personal relation with the shareholders of American Environmental Energy and solicitations have been made with inaccurate or misleading representations. Additionally, Equinox Carbon Equities has used subscription agreements in the name of American Environmental Energy without authorization.” (Read the rest at http://www.businesswire.com/news/home/2009032...s-Improper )
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