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Author Topic: Alternative energy investment fraud schemes on the rise Back to Topics
kx250

Champion Author
Michigan

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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
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sydb7
Champion Author Atlanta

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Message Posted: Jul 3, 2013 8:54:37 PM

Go to jail!
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tomok
Champion Author Portland

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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!
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Digger52
Champion Author Chicago

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Message Posted: Jun 29, 2013 9:44:42 AM

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

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Message Posted: Jun 29, 2013 7:14:19 AM

get er done
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52MPG
Champion Author Dayton

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Message Posted: Jun 29, 2013 12:14:48 AM

Let the investor be ware.
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jethro5000
Champion Author Kentucky

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Message Posted: Jun 29, 2013 12:11:25 AM

???
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N5EXY
Champion Author Austin

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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.
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bolobill
Champion Author Michigan

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Message Posted: Jun 29, 2013 12:07:17 AM

ok
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GoneUpAgain
Champion Author Atlanta

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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.
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OGW
Champion Author London

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Message Posted: Jun 29, 2013 12:04:29 AM

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

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Message Posted: Jun 29, 2013 12:02:49 AM

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

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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.
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nimpy
Champion Author Indianapolis

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Message Posted: Jun 28, 2013 11:55:49 PM

It only makes sense to me
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theschmuck
Champion Author Michigan

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Message Posted: Jun 28, 2013 11:53:06 PM

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

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Message Posted: Jun 28, 2013 11:53:00 PM

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

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Message Posted: Jun 28, 2013 11:52:07 PM

Good.......
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camel1
Champion Author Minnesota

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Message Posted: Jun 28, 2013 11:51:40 PM

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

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Message Posted: Jun 28, 2013 11:50:42 PM

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

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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???
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idigau22
Champion Author Washington

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Message Posted: Jun 28, 2013 11:47:32 PM

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

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Message Posted: Jun 28, 2013 11:46:32 PM

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

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Message Posted: Jun 28, 2013 11:46:24 PM

following the leader
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DEG
Champion Author Las Vegas

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Message Posted: Jun 28, 2013 11:46:08 PM

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

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Message Posted: Jun 28, 2013 11:43:39 PM

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

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Message Posted: Jun 28, 2013 11:41:32 PM

BE CAREFUL!
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rf6480
Champion Author Miami

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Message Posted: Jun 28, 2013 11:39:43 PM

and global warming is fact Hahahaha
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BREW9
Champion Author Tampa

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Message Posted: Jun 28, 2013 11:38:16 PM

of course
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mcmonsta
Champion Author Honolulu

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Message Posted: Jun 28, 2013 11:37:15 PM

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

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Message Posted: Jun 28, 2013 11:36:50 PM

Green means failure.
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mikaye
Champion Author Cleveland

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Message Posted: Jun 28, 2013 11:32:29 PM

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

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Message Posted: Jun 28, 2013 11:32:13 PM

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

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Message Posted: Jun 28, 2013 11:19:40 PM

ok
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badharley
Champion Author Tampa

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Message Posted: Jun 28, 2013 11:18:48 PM

More con artists.
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ScottTee
Champion Author Detroit

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Message Posted: Jun 28, 2013 11:14:16 PM

Check out your investments carefully
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P_I_STONE
Champion Author Wisconsin

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Message Posted: Jun 28, 2013 11:13:42 PM

Always somebody up to no good
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KhelbenArunson
Champion Author Michigan

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Message Posted: Jun 28, 2013 11:12:38 PM

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

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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.
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bpj13
Champion Author North Carolina

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Message Posted: Jun 28, 2013 11:05:49 PM

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

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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.
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Lukus
Champion Author Halifax

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Message Posted: Jun 28, 2013 11:04:33 PM

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

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Message Posted: Jun 28, 2013 11:02:45 PM

Due diligence!
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rjoeh
Champion Author Michigan

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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.
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walkingtall
Champion Author Toronto

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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.
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Blue48
Champion Author Illinois

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Message Posted: Jun 28, 2013 10:57:55 PM

WATCH OUT!
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joedriver36
Champion Author Colorado

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Message Posted: Jun 28, 2013 10:55:41 PM

ok
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Pramodsharma
Champion Author Richmond

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Message Posted: Jun 28, 2013 10:54:55 PM

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

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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.
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ldiggy
Champion Author Wilmington

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Message Posted: Jun 28, 2013 10:49:38 PM

Not surprised at all.
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Cuzilla
Champion Author Indianapolis

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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!
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Carol7777
Champion Author Houston

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Message Posted: Jun 28, 2013 10:46:40 PM

Got him! Good!
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