by Sterling D. Allan
Pure Energy Systems News
March 9, 2013
The SEC posted the following statement yesterday at http://www.sec.gov/litigation/litreleases/2013/lr22639.htm
Before I quote it for you, let me pass on a statement I just got from a source who asked to remain anonymous:
I have spoken to somebody who has seen the engine run. He was unaware that a close demo was in progress, and blundered into the demo, at which point it was immediately switched off. Also the popper works, and has been replicated.
Since when did these violations require that the FBI raid a work place with guns, to round up a lovely friendly middle aged workforce?
John is a paranoid, man, aparantly with good reason. He is also obstinate and odd. He probably stretches the truth to get his way, in fact I am sure he does, he is is his worst enemy, and his staff despair of him. However, I believe the substance of what he promises is true, and that if he is allowed to continue, everybody who invested would do well. This action will rob all the investors of their money.
Highlights from the SEC statement are: (with some commentary by me in parenthesis)
- John claims a patent, but none has been awarded.
- John claims two PhDs, both from MIT and Harvard, but has obtained neither. (If I remember right, back when I was visiting with him in Vegas, their denial that such degrees were awarded had to do with the black ops nature of the work being done.)
- John claims to have achieved a working motor, but such has never been witnessed (the above statement is the first claim I’ve encountered)
- John has been spending some of the funds for personal things (from what I understand, it is fairly normal for a company to provide money to the workers, including enabling them to buy a house, car, groceries, and eating at restaurants on occasion)
- None of the defendants charged in the SEC’s enforcement action has ever registered with the SEC to sell securities. (chalk it up to enthusiastic slop)
- Rohner…has never been assigned a trademark related to the engine or its purported technology.
Now, here is the statement from the SEC:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22639 / March 8, 2013
Securities and Exchange Commission v. Inteligentry, Ltd., PlasmERG, Inc., PTP Licensing, Ltd. and John P. Rohner,
Civil Action No. 2:13-cv-00344-GMN-NJK
SEC HALTS “PLASMA ENGINE” INVESTMENT SCHEME OPERATED BY JOHN ROHNER AND HIS NEVADA COMPANIES
The Securities and Exchange Commission today announced an enforcement action previously filed under seal in federal court in Las Vegas. The SEC has obtained an emergency order to halt an investment scheme that has defrauded at least 98 people nationwide out of at least $1.4 million since 2009.
The SEC’s complaint alleges that Nevada resident John P. Rohner and his companies Inteligentry, Ltd., PlasmERG, Inc. and PTP Licensing, Ltd., have been operating a fraudulent investment scheme. Rohner and his companies solicited investors for the scheme by claiming that they have developed, tested and patented an operational “plasma engine” fueled by abundant and inexpensive noble gases (such as helium), which they claim will replace the internal combustion engine. Rohner and his companies claim that the engine is non-polluting and has unlimited uses to generate electricity in homes, businesses, boats, and aircraft. For example, Rohner told at least one investor that one of his plasma engines has been running a generator on a dairy farm for 18 months and he claimed on company websites that the pollution-free engine “can run for over 3 months on a $12 gas fill”. As alleged in the complaint, Rohner originally offered securities in Iowa-based PlasmERG, Inc. from 2009 to early 2011, and from May 2011 to the present Rohner has offered securities in Nevada-based Inteligentry, Ltd., using PlasmERG and PTP Licensing as related business entities.
Rohner and his companies lured investors into purchasing stock by claiming that the companies would be worth billions of dollars when the plasma engine is publicly revealed, repeatedly promising to publicly show his operational engine at stockholder meetings and trade shows. However, the claims were and are entirely fictitious. Rohner and his companies have never run an engine fueled by noble gases, nor have they obtained patents relating to the engine or the plasma technology.
Rohner and his companies also made false and misleading statements to investors that Rohner has advanced degrees from the Massachusetts Institute of Technology and Harvard University, and that they have trademarks relating to the purported engine and its plasma process. As alleged in the complaint, these representations are false. Rohner has never attended or obtained degrees from MIT or Harvard, and has never been assigned a trademark related to the engine or its purported technology.
According to the SEC’s complaint, Rohner, Inteligentry, PlasmERG, and PTP Licensing used investor funds to pay Rohner’s personal expenditures as well as business expenses. The complaint alleges that a significant portion of the funds raised from investors was used for personal expenses, including among other things the purchase of a home in Iowa for Rohner and his wife, the purchase of vehicles for Rohner’s family members and Inteligentry employees, the purchase of home goods, and the payment of personal expenses including automobile repair services and insurance, medical services, and meals at restaurants.
None of the defendants charged in the SEC’s enforcement action has ever registered with the SEC to sell securities.
On March 7, 2013, the Honorable Gloria M. Navarro granted the SEC’s request for a temporary restraining order to prevent Rohner, Inteligentry, PlasmERG, and PTP Licensing from further engaging in the issuance, offer, or sale of any security in an unregistered transaction. The Court also granted the SEC’s request for an order freezing the assets of all the defendants, requiring accountings, and prohibiting the destruction or alteration of documents. The Court unsealed the action on March 8, 2013, at the SEC’s request.
The SEC’s complaint alleges that Rohner, Inteligentry, PlasmERG and PTP Licensing violated the antifraud provisions of the federal securities laws and that Rohner, Inteligentry and PlasmERG violated the securities registration provisions of the federal securities laws. Specifically, the complaint alleges Rohner, Inteligentry, and PlasmERG each violated Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act), and that Rohner, Inteligentry, PlasmERG and PTP Licensing violated Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder; and that Rohner aided and abetted violations of Securities Act Section 17(a) and Exchange Act Section 10(b) and Rule 10b-5. The SEC seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest thereon, and civil monetary penalties against each defendant, and a bar prohibiting Rohner from serving as an officer or director of any public company.
Investors who are offered investments similar to those alleged in the Commission’s complaint should consult the SEC’s website concerning “Avoiding Fraud” at http://investor.gov/investing-basics/avoiding-fraud.
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