Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:11 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Alternative energy investment fraud schemes on the rise Back to Topics
kx250

Champion Author
Michigan

Posts:3,868
Points:1,228,685
Joined:Oct 2008
Message Posted: Jun 28, 2013 12:01:23 AM

A Reno man was sentenced to 10 years in prison after scamming eight people out of more than $1 million.

It's a growing trend nationwide and many are falling victim to it here in Nevada. Jack Schwartz,68, was sentenced to 10 years in prison on May 24, 2013. Schwartz cheated eight people out of more than $1 million for what were supposed to be alternative energy startup companies.

Instead, Schwartz, an attorney and non-registered securities representative took the money and used it to pay his mortgage and alimony to his ex-wife.

Secretary of State Ross Miller, says con artists are becoming more savvy when it comes to investment frauds, "We're very alarmed at this trend of energy related scams, it sounds like a legitimate investment and we often times find with the sexy new investments out
Visit News 4 - KRNV Reno for full article
REPLIES (newest first) Post a Reply
Profile Pic
sydb7
Champion Author Atlanta

Posts:4,669
Points:2,189,480
Joined:Mar 2003
Message Posted: Jul 3, 2013 8:54:37 PM

Go to jail!
Profile Pic
tomok
Champion Author Portland

Posts:39,851
Points:2,673,485
Joined:Aug 2006
Message Posted: Jun 30, 2013 1:08:28 AM

Alternative energy investment fraud schemes on the rise! You have to be very careful WHO you give your money to. You never know 'what' they will do with it!
Just like taxpayer money with the current federal and state administration, you don't know what they do with it and they always want more and more!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
Profile Pic
Digger52
Champion Author Chicago

Posts:3,996
Points:1,171,540
Joined:Aug 2008
Message Posted: Jun 29, 2013 9:44:42 AM

There's a sucker born every minute. . .
Profile Pic
WVUtailgater
Champion Author Cleveland

Posts:10,077
Points:2,026,395
Joined:Aug 2008
Message Posted: Jun 29, 2013 7:14:19 AM

get er done
Profile Pic
52MPG
Champion Author Dayton

Posts:8,910
Points:2,067,480
Joined:Apr 2006
Message Posted: Jun 29, 2013 12:14:48 AM

Let the investor be ware.
Profile Pic
jethro5000
Champion Author Kentucky

Posts:3,520
Points:717,330
Joined:Jun 2005
Message Posted: Jun 29, 2013 12:11:25 AM

???
Profile Pic
N5EXY
Champion Author Austin

Posts:7,161
Points:1,837,345
Joined:Jul 2004
Message Posted: Jun 29, 2013 12:07:40 AM

On the rise? Did they ever go down? Kinda like ya gotta be on the wagon to fall off.
Profile Pic
bolobill
Champion Author Michigan

Posts:17,625
Points:3,497,400
Joined:Mar 2004
Message Posted: Jun 29, 2013 12:07:17 AM

ok
Profile Pic
GoneUpAgain
Champion Author Atlanta

Posts:10,230
Points:1,664,160
Joined:May 2004
Message Posted: Jun 29, 2013 12:07:12 AM

Why not when you have an idiot in the White House who will loan you money when you have no business background.
Profile Pic
OGW
Champion Author London

Posts:6,758
Points:1,833,215
Joined:Sep 2005
Message Posted: Jun 29, 2013 12:04:29 AM

What would you expect, crooks always look for the easy money!
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:3,493
Points:779,365
Joined:Jan 2012
Message Posted: Jun 29, 2013 12:02:49 AM

Just don't subsidize it.
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:17,283
Points:2,781,915
Joined:Oct 2005
Message Posted: Jun 28, 2013 11:57:05 PM

I have been following alternative energy all of my adult life and have yet to find one that was profitable.

Sad, really sad.
Profile Pic
nimpy
Champion Author Indianapolis

Posts:9,581
Points:1,994,030
Joined:Oct 2007
Message Posted: Jun 28, 2013 11:55:49 PM

It only makes sense to me
Profile Pic
theschmuck
Champion Author Michigan

Posts:4,219
Points:1,774,015
Joined:Mar 2007
Message Posted: Jun 28, 2013 11:53:06 PM

Take the time to research before investing in anything.
Profile Pic
JethroGibbsMKE
Champion Author Milwaukee

Posts:1,338
Points:450,720
Joined:Sep 2012
Message Posted: Jun 28, 2013 11:53:00 PM

I guess the "Green" energy means dollars now, sad really.
Profile Pic
rawdog1313
Champion Author Lexington

Posts:4,823
Points:1,968,320
Joined:May 2008
Message Posted: Jun 28, 2013 11:52:07 PM

Good.......
Profile Pic
camel1
Champion Author Minnesota

Posts:9,899
Points:2,589,615
Joined:Jul 2006
Message Posted: Jun 28, 2013 11:51:40 PM

it looks like a field designed for fraud
Profile Pic
NedW
Champion Author Indianapolis

Posts:7,142
Points:1,441,940
Joined:Mar 2008
Message Posted: Jun 28, 2013 11:50:42 PM

Thank you for submitting this article, kx250.
Profile Pic
us4usa
Champion Author Missouri

Posts:6,991
Points:1,361,425
Joined:May 2008
Message Posted: Jun 28, 2013 11:49:37 PM

"Schwartz, an attorney"

You know the really smart ones out of college, the ones running DC???
Profile Pic
idigau22
Champion Author Washington

Posts:25,673
Points:3,513,270
Joined:Apr 2003
Message Posted: Jun 28, 2013 11:47:32 PM

Energy investment fraud schemes. Many are funded by Obama and his Administration!!!
Profile Pic
MRED3
Champion Author Jacksonville

Posts:4,665
Points:1,121,950
Joined:May 2009
Message Posted: Jun 28, 2013 11:46:32 PM

Obama got 8 years in the White House.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,272
Points:2,028,310
Joined:Jan 2008
Message Posted: Jun 28, 2013 11:46:24 PM

following the leader
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,203
Points:3,810,255
Joined:Jul 2003
Message Posted: Jun 28, 2013 11:46:08 PM

And what does this have to do with oil/gas/diesel?
Profile Pic
flyfast
Champion Author Kansas City

Posts:10,836
Points:2,148,110
Joined:Jan 2008
Message Posted: Jun 28, 2013 11:43:39 PM

IT'S ALL A BIG SCAM AND FRAUD
OBUMER CHANGE AND WE BAYING THE BILL
Profile Pic
DragonLady76
Champion Author Illinois

Posts:1,809
Points:496,425
Joined:Feb 2009
Message Posted: Jun 28, 2013 11:41:32 PM

BE CAREFUL!
Profile Pic
rf6480
Champion Author Miami

Posts:2,102
Points:801,540
Joined:Mar 2011
Message Posted: Jun 28, 2013 11:39:43 PM

and global warming is fact Hahahaha
Profile Pic
BREW9
Champion Author Tampa

Posts:2,507
Points:3,239,305
Joined:Jun 2004
Message Posted: Jun 28, 2013 11:38:16 PM

of course
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:4,710
Points:1,137,855
Joined:Sep 2009
Message Posted: Jun 28, 2013 11:37:15 PM

green to be made....unfortunately nowadays criminal intent to follow
Profile Pic
mrbee
Champion Author Little Rock

Posts:5,404
Points:2,793,300
Joined:Oct 2005
Message Posted: Jun 28, 2013 11:36:50 PM

Green means failure.
Profile Pic
mikaye
Champion Author Cleveland

Posts:5,150
Points:1,135,515
Joined:Jun 2010
Message Posted: Jun 28, 2013 11:32:29 PM

most alt energy plant investive opportunities are scams
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Jun 28, 2013 11:32:13 PM

I think we've been hearing that recently. Now what to do about it.
Profile Pic
brprven
Champion Author Dallas

Posts:2,271
Points:611,985
Joined:Jun 2012
Message Posted: Jun 28, 2013 11:19:40 PM

ok
Profile Pic
badharley
Champion Author Tampa

Posts:2,589
Points:1,058,690
Joined:Jul 2010
Message Posted: Jun 28, 2013 11:18:48 PM

More con artists.
Profile Pic
ScottTee
Champion Author Detroit

Posts:6,007
Points:1,384,255
Joined:Mar 2010
Message Posted: Jun 28, 2013 11:14:16 PM

Check out your investments carefully
Profile Pic
P_I_STONE
Champion Author Wisconsin

Posts:1,555
Points:667,045
Joined:Apr 2012
Message Posted: Jun 28, 2013 11:13:42 PM

Always somebody up to no good
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:6,073
Points:1,041,465
Joined:Apr 2008
Message Posted: Jun 28, 2013 11:12:38 PM

Good that he was sentenced to prison.
Profile Pic
nomad228
Champion Author Columbus

Posts:3,208
Points:592,275
Joined:Feb 2011
Message Posted: Jun 28, 2013 11:11:42 PM

ya knowwwwwwww!: ) what they say- you don't get nothing for free. so if someone tells you they have a great investment............. watch both their hands ,because one will be in your wallet and the other will sticking a knife in your back.
Profile Pic
bpj13
Champion Author North Carolina

Posts:4,621
Points:1,186,320
Joined:Oct 2009
Message Posted: Jun 28, 2013 11:05:49 PM

And I'm sure they are funded by the administration.
Profile Pic
floridakeys
Champion Author Columbus

Posts:1,051
Points:370,855
Joined:Jan 2011
Message Posted: Jun 28, 2013 11:05:15 PM

The US govt. has done just as horrendously with the siendra scandal and taxpayer money never recovered.
Profile Pic
Lukus
Champion Author Halifax

Posts:9,849
Points:1,991,600
Joined:Nov 2007
Message Posted: Jun 28, 2013 11:04:33 PM

IF IT LOOKS OR SOUNDS TOO GOOD TO BE TRUE IT PROBABLY IS.
Profile Pic
dc1552
Champion Author Virginia Beach

Posts:1,915
Points:906,520
Joined:Apr 2011
Message Posted: Jun 28, 2013 11:02:45 PM

Due diligence!
Profile Pic
rjoeh
Champion Author Michigan

Posts:8,714
Points:2,797,085
Joined:Jun 2004
Message Posted: Jun 28, 2013 10:58:58 PM

To me... they are just doing the same thing that Obama's friends did and now they are bankrupt with gold lined pockets. As taxpayers... we will never see the money paid back. Too bad the same fate can not fall on all of Obamas friends like is happening to J Schwartz.
Profile Pic
walkingtall
Champion Author Toronto

Posts:5,574
Points:1,438,650
Joined:Nov 2004
Message Posted: Jun 28, 2013 10:58:00 PM

Alternative energy investment fraud schemes on the rise and making money in whatever way it comes.
Profile Pic
Blue48
Champion Author Illinois

Posts:8,951
Points:1,965,470
Joined:Feb 2007
Message Posted: Jun 28, 2013 10:57:55 PM

WATCH OUT!
Profile Pic
joedriver36
Champion Author Colorado

Posts:3,387
Points:727,205
Joined:Jun 2006
Message Posted: Jun 28, 2013 10:55:41 PM

ok
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:3,552
Points:702,360
Joined:Feb 2012
Message Posted: Jun 28, 2013 10:54:55 PM

Making money in whatever way it comes, then they go there.
Profile Pic
N4PIP
Champion Author Miami

Posts:1,967
Points:726,525
Joined:Jan 2012
Message Posted: Jun 28, 2013 10:54:22 PM

Another investment scam artist who took his scam to the boonies. Usually, it's Wall Street where they do this kind of fraud. His illegal activity had NOTHING to do with alternative energy. It could have been drilling for oil on land somewhere, or many other seemingly lucrative schemes.
Profile Pic
ldiggy
Champion Author Wilmington

Posts:2,262
Points:610,680
Joined:Apr 2012
Message Posted: Jun 28, 2013 10:49:38 PM

Not surprised at all.
Profile Pic
Cuzilla
Champion Author Indianapolis

Posts:13,635
Points:2,616,975
Joined:Sep 2005
Message Posted: Jun 28, 2013 10:47:18 PM

But it's OK when our government scams BILLIONS from taxpayers promoting the same "pie-in-the-sky" Utopian clap-trap!
Profile Pic
Carol7777
Champion Author Houston

Posts:73,771
Points:475,685
Joined:Dec 2012
Message Posted: Jun 28, 2013 10:46:40 PM

Got him! Good!
Post a reply Back to Topics