Comments on: U.S., German, British, Canadian Provincial Regulators Cooperate In Probe Of Alleged ‘Oil And Gas’ Fraud Scheme Operating In Florida, Texas And Aruba; SEC Sues Justin Solomon And Affiliated Firms

By: Rog

Rog — Wed, 20 Feb 2013 17:11:30 +0000

Sesima funding never showed up so they say. over extended other project funds to start wells. Lost all joint venture funds past and present in their joint ventures looks like

By: Rog

Rog — Wed, 20 Feb 2013 16:46:33 +0000

EnerMax down for the count now too, because of scam. Ran out of money trying to fund these wells. when

By: phil

phil — Thu, 31 Jan 2013 20:49:11 +0000

where can i find justin solomon and his employees?

By: Ruth

Ruth — Sun, 06 Jan 2013 22:07:05 +0000

Well I hope that you have all moved on and are recovering your losses. My thought is that with 11 banks outside USA being investigated for tax evasion and the first bank closing as a result. The German Deutsche bank and some untouched so far in south America may yield success for many frauds and they must be running scared. Justice will be done have no fear. either in this life or the next. I can wait but won’t let it ruin my life. Forgive and move on and pray that they will feel guilty and come clean. High hopes there Lol
J. S. and you have been warned !!!!! repay your depts and live without having to constantly look over your shoulder

By: tom mccants

tom mccants — Fri, 09 Mar 2012 22:22:15 +0000

Vietnam Era Veteran: There were victims in 32 countries to most likely include the USA as well. There’s a more in depth story about this matter in the Lubbock Avalanche. It semi explains why this case was filed there.What I find truly disgusting is the fact retired General Norman Swarzkopf once did a hype video for and with Hurst, TX based EnerMax (see item 13 of the complaint). The principal of this organization (Bret Boteler) is a recidivist securities fraudster (used to work for Kinlaw Securities and was charged with similar scams 15 years ago).Also, retired USAF Colonel Robert Gaylord was an outside advisory board member for Seisma. Can’t West Point and US Air Force Academy grads do any due dilly? Apparently not.Patrick, nice blogsite. Keep up the good work, sir.

By: Please Help

Please Help — Fri, 15 Oct 2010 04:10:42 +0000

In April 2008 Enermax Inc. contacted me and introduced me to their joint ventures. I was not sure about investing but the saleperson by the name of Matt Wolcott made the prospect look promising and kept on calling, multiple times a day, and then finally I aggreed to invest in the smallest investment that was offered. It was 1/8 unit in their West Janice 1 venture. Wolcott claimed that the well would be drilled and I would get my monthly checks starting August 2008. However, it is now October 2010 and they kept on coming up with new things that needs to be done with the well.
I am really lost. This was my first investment experience and I cannot help but feel that I was scammed. I am not a wealthy person and all I wanted was to make a little extra income during the hard time for the future. Honestly, I really regret investing in Enermax Inc. In these 2 years worth of time I have many sleepless nights wondering what to do.
What should I do? Should I seek legal or federal justice? I am not looking to get rich by suing them and getting a large settlement. All I want is my money back from the regretable initial investment.
Someone please guide me.
Thank you.

By: Vietnam Era Veteran

Vietnam Era Veteran — Sun, 20 Jun 2010 22:09:29 +0000

My guess is US victims may have invested in EnerMax rather than Seisma as the BBB of Dallas lists a few complaints against EnerMax.

Appreciate you posting the link to General Schwartzkopf’s show and agree, he most likely doesn’t review who the scheduled guests are. Still not much of an excuse for retired USAF Colonel, Robert Gaylord, however (outside advisory board member).

After Kinlaw got shut down in Dallas, several of the principals moved their act to Colorado and were recently sued for running a Ponzi scam/boiler room O&G scam. One of the victims was a retired 82 year old school teacher. Another a former Wall Street lawyer with diminished capacity (early onset Alzheimers).

Thanks for updating this situation.

By: admin

admin — Sun, 20 Jun 2010 15:32:30 +0000

Vietnam Era Veteran: There were victims in 32 countries to most likely include the USA as well.

Hi Vietnam Era Veteran,

As things stand, the SEC is alleging a fraud against “overseas” victims. If the SEC announces it has identified U.S. victims, I’ll make a separate post.

Vietnam Era Veteran: Patrick, nice blogsite.

Thank you.

Vietnam Era Veteran: General Norman Swarzkopf

I’m not sure how Gen. Schwarzkopf vetted guests for his show. In general, producers do the vetting. It’s easy enough to become the subject of a TV or newspaper package that is flattering/semiflattering or used as part of package in which the interviewees are simply quoted on the subject at hand.

Mind you, I’m only speaking in generalities here, but story subjects often are not vetted by journalists to the degree a competent investment adviser would conduct due diligence. In general, there just aren’t budgets to do that type of vetting, perhaps especially for general stories.

Look at Scott Rothstein. He flew under the radar for a long time, but was constantly on the society pages of the newspapers. At a certain point, when too many adjectives contradicted too many nouns, a couple of the Florida papers devoted some resources to peel back layers of the Rothstein onion.

One way to view the content of TV shows and newspaper articles is as a snapshot of a particular moment in time. That snapshot will be replaced by a different snapshot or series of snapshots as time passes. The final snapshots of Rothstein were far different than the earlier ones.

Vietnam Era Veteran: EnerMax (see item 13 of the complaint)

EnerMax is listed as a “relevant entity” but is not a defendant in the SEC case against Solomon, Seisma and the others. But I do see the larger point you’re making about the TV show. If facts later emerge that paint an unflattering portrait of a TV guest or subject in a newspaper story, it can be embarrassing.

Quick note to readers:

This URL leads to a 2007 promo in which EnerMax promotes its appearance on a show hosted by Gen. Schwarzkopf.

http://www.enermaxinc.com/norman-schwarzkopfs-world-business-review-tv-series-features-enermax-inc/

Here is some info from the SEC on Bret Boteler:

http://www.sec.gov/litigation/litreleases/lr15610.txt

Patrick

By: Vietnam Era Veteran

Vietnam Era Veteran — Sun, 20 Jun 2010 13:56:08 +0000

There were victims in 32 countries to most likely include the USA as well. There’s a more in depth story about this matter in the Lubbock Avalanche. It semi explains why this case was filed there.

What I find truly disgusting is the fact retired General Norman Swarzkopf once did a hype video for and with Hurst, TX based EnerMax (see item 13 of the complaint). The principal of this organization (Bret Boteler) is a recidivist securities fraudster (used to work for Kinlaw Securities and was charged with similar scams 15 years ago).

Also, retired USAF Colonel Robert Gaylord was an outside advisory board member for Seisma. Can’t West Point and US Air Force Academy grads do any due dilly? Apparently not.

Patrick, nice blogsite. Keep up the good work, sir.

By: alasycia

alasycia — Sun, 20 Jun 2010 13:33:07 +0000

Thank you Tony for posting the Australian Fido site. Quite apart from their blacklist, the general advice on scams and how to spot them is excellent and worth a read for anyone who is not sure whether they are being invited into a real business or simply a ponzi or a pyramid. Well worth a read. http://www.fido.gov.au/fido/fido.nsf/byHeadline/Scams%20%26%20Swindlers%20portal