Ardent Harmony Fund, Inc.: Second Liquidators’ Report
Second Report of the Joint Official Liquidators In the Matter of Ardent Harmony Fund Inc. at the Grand Court of the Cayman Islands.
US indicts offshore oil and gas promoter David Rose for investment fraud
More than six years after OffshoreAlert first reported about his activities, a notorious promoter of oil and gas-related investment schemes at offshore conferences has been criminally indicted in the United States.
Former car salesman David Graham Rose, 58, of Bowling Green, Kentucky, was indicted on 15 counts of frauds and swindles, six counts of wire fraud, and one count of civil forfeiture at the U. S. District Court for the Western District of Kentucky on January 23, 2008. If convicted, Rose faces a maximum prison sentence of 440 years and fines of up to $5.5 million.
Sunclear Energy sued for alleged fraud
A civil complaint alleging securities fraud has been filed in the United States against a firm whose unregistered shares are sold at offshore events.It is the latest in a long line of controversies surrounding Sunclear Energy Inc., its bankrupt affiliate
Robo Enterprises files for bankruptcy
An oil and gas company which was promoted as an investment opportunity at Institute of Global Prosperity conferences has filed for bankruptcy amid allegations of fraud.Robo Exploration Inc., a.k.a. Robo Enterprises Inc., filed for Chapter 11 bankruptcy protection at the United States Bankruptcy Court for the Western District of Kentucky on October 23, 2001.