Sunclear Energy

US indicts offshore oil and gas promoter David Rose for investment fraud

February 11, 2008

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.

Insider Talking: May 31, 2004

May 31, 2004

Two prominent Bermuda businessmen were arrested at their offices on May 6 by police investigating the alleged theft of $145,000 from a development company. They are Arthur Jones, 52, who owns Bermuda's biggest realtor, Coldwell Banker JW Bermuda Realty, formerly

Insider Talking: November 30, 2003

November 30, 2003

Deloitte & Touche has offered $32 million to settle a class action lawsuit filed on behalf of shareholders of the British Virgin Islands registered Manhattan Investment Fund who bought shares between October, 1995 and January, 2000. D&T's Bermuda office audited

Sunclear Energy sued for alleged fraud

November 30, 2002

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

‘We demand an apology’, says Sunclear Energy’s Randy Akers

June 30, 2002

Letter to the Editor of OffshoreAlert from Randy Akers, President, Sunclear Energy Inc.

Insider Talking: May 31, 2002

May 31, 2002

OffshoreAlert has received a letter from an Arizona based client of Grenada licensed Cornerstone International Savings and Investment Bank, which was taken over by the Grenada authorities on April 25, 2002 - AFTER the bank's principals had already disappeared without

Court judgment against David Rose energy company

April 30, 2002

A company operated by David G. Rose, who promotes unregistered oil and gas shares at offshore conferences, has lost a judgment in the United States District Court for the Eastern District of Louisiana.On March 28, 2002, Judge Martin Feldman ruled that Nevada-registered Rose Energy Ltd. had forfeited its interest in an oil, gas and mineral well at Jefferson Parish, Louisiana.

Creditors fight for control of bankrupt firm’s transferred assets

January 31, 2002

A legal battle is taking place in the United States for control of assets that once belonged to a now bankrupt oil and gas exploration firm whose shares were promoted at offshore conferences. Creditors of Kentucky-based Robo Exploration Inc., formerly known as Robo Enterprises Inc., are investigating whether the transfer of its assets prior to bankruptcy amount to a fraudulent conveyance.