An unauthorized collection of the records of Alternate Energy Holdings, inc., its principals and subsidiaries, and their antics, trials, and tribulations

Former AEHI CEO Don Gillispie

Former AEHI CEO Don Gillispie
OK, everyone, I've got to step out for just a minute. I'll be right back, I promise!

Thursday, December 29, 2016

SEC Files Motion to Appoint Distribution Agent for Remaining $2M Under Disgorgement Order

On December 15, the Securities and Exchange Commission filed a motion to appoint Rust Consulting to distribute $2M, the last remnant of AEHI's ill-gotten gains, which was nearly lost in a fun and bizarre turnabout scam on the scammers in Nevada (But that's a whole 'nother story in itself).  According to the motion, the SEC seeks to have the court appoint a tax administrator to pay taxes due from the "qualified settlement fund" in addition to having Rust Consulting "work with the Commission's staff in formulating a distribution well as determining the identities of injured investors and investor harm, establishing a claims process to evaluate and verify claims, fielding inquiries from investors and overseeing ultimate distribution of the Distribution Fund."

Read the whole document below:

No comments:

Post a Comment