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1/22/12 Scam Watch: Apostles Inc. & Almighty Wind Inc. to investors: have we got a deal for you!

From California


Via the LA Times:

Wind energy – A Carson man has been sentenced to 12 years in federal prison for bilking investors out of more than $1 million by making numerous false statements about a wind-energy business he said he operated.

James A. Rivera, 42, told victims that his companies, Apostles Inc. and Almighty Wind Inc., would market wind turbines and that the Nigerian government had agreed to place a $1-billion order.

In reality, there was no such order and the companies never sold any turbines. Rivera also failed to disclose to investors that he had eight prior criminal convictions, including five for fraud.

Posted on Sunday, January 22, 2012 at 09:14AM by Registered CommenterThe BPRC Research Nerd in | Comments Off

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