FBI Investigates Criminal Activity in the Markets, CEO of EQCO2
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The nation’s economy is increasingly dependent on the success and integrity of the securities and commodities markets. As a result, the FBI diligently investigates criminal activity in the markets and against investors whenever it arises.
The term Securities Fraud covers a wide range of illegal activities, all of which involve the deception of investors or the manipulation of financial markets.
Here are some of the most common forms of securities fraud out there right now and a little bit more about how they work:
+ Ponzi schemes.
The classic mark of the Ponzi scheme is using cash coming in from new investors to pay off prior investors and make it seem like the investment is performing as promised. Unfortunately, these scams are doomed to topple and investors are left to pick up the pieces.
+ High yield investment fraud.
Whether it comes under the guise of precious metals, securities, or real estate, high yield investment fraud usually includes promises of incredible returns with no risk. In reality, they turn out to be “too good to be true”.
+ Advance fee scams.
These investment scams are characterized by fees or taxes that are paid up front. Investors are told they’ll see big returns by investing a comparatively small amount of cash.
** IMPORTANT: Report scams when they occur
- Don’t be embarrassed.
- File a complaint with the Securities and Exchange Commission, state securities regulator, or a law enforcement agency.
- Report the crime promptly—you’ll have a better chance of getting your money back if you do.
To learn more about Securities Fraud Awareness & Prevention Tips go to http://www.fbi.gov/stats-services/publication...ties-fraud
Recently, in the District Court Clark County, Nevada, Crown Equity Holdings Inc. filed a legal Complaint against EQCO2, Inc., Discovery Carbon Environmental Securities, Inc. and William Barnwell.
The legal Complaint alleges breach of contract, nonperformance, FRAUD and misrepresentation.
The Complaint centers on an exchange Agreement between Crown Equity Holdings Inc., EQCO2, Inc., (F/K/A Cleantech Transit, Inc.) and Discovery Carbon Environmental Securities, Inc., a Nevada corporation and William Barnwell.
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.
Read 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 .
On September 13, 2013, DISTRICT COURT JUDGE awarded to Crown Equity Holdings a TRO (Temporary Restraining Order) Against Discovery Carbon and EQCO2, Inc. (CLNO) CEO Billy Barnwell. ( http://crownequityholdings.com/restraining_or...rnwell.pdf ). Arnold F. Sock is Secretary and CFO of CLNO; Shad Sullivan is Director of the company.
The TRO effectively shuts down all EQCO2, Inc. (CLNO) officers, directors including Arnold F. Sock Esq. (non practicing) from engaging in any activity that might be damaging to the company’s shareholders.
The TRO effectively locks all EQCO2, Inc. (CLNO) officers, directors including Arnold F. Sock Esq. (non practicing) out of the corporate bank account and stops any and all transactions and issuance of stock certificates at the transfer agent that handles the company’s stock transfers.
The TRO specifically prohibits all EQCO2, Inc. (CLNO) officers, directors including Arnold F. Sock Esq. (non practicing) from removing, destroying, mutilating, concealing or altering any documents that relate to Discovery Carbon Environmental Securities.
Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, such statements in this release that describe the company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company.