Arrogance:
I can attest that David Feuerborn and Thomas Jennings are extremely arrogant individuals. Take for instance Dave’s arrogance towards the Internal Revenue Agency. He hasn’t filed a tax return in the last 5 years and he thinks he can get away with it! That’s arrogance.
Dave and Tom know there are hazardous chlorinated chemicals in their “solvent” yet they think they can forge Material Data Safety Sheets and other government regulated documentation so that everyone thinks it’s as safe as water. This is a federal offense! That’s arrogance.
Dave and Tom also get people to front for them so that due diligence research doesn’t reveal their identities and past scams. In Louisiana they used paid actors to pitch the solvent to would-be investors, and they used an individual named Larry Shultz to sell the “solvent” to Freestone. That’s arrogance.
They set up bogus bank accounts at Wells Fargo with names almost identical to the vendors building their “machines” so they could funnel money to their personal bank accounts and investors would think the money was going to the machine manufacturers. That’s arrogance.
They are still trying to sell their “solvent” under different names and different corporations even though they have been criminally indicted by the state of Louisiana, criminally indicted by the U.S. Federal Government, successfully sued by Petro-Sog, civilly sued by Freestone Resources (ongoing), and issued a Desist and Refrain order from selling securities by both Texas and California. That’s arrogance.
How do they get away with it?:
If you talk to Dave and Tom then you hear the excuse that they have been through all this trouble because “people are trying to steal their ‘solvent’”, or that “people are just jealous of their miracle cleaner.” Let’s take a look at that argument:
Petro-Sog only wanted to recover money that they paid to Feuerborn when they found out that Feuerborn had made multiple misrepresentations about the chemical and its toxicity. They wanted nothing to do with the “solvent” when they discovered it had carcinogenic, chlorinated chemicals contained in it.
Freestone just wants to recover their stock and money that they paid to Feuerborn, Jennings, Shultz and Environmental Services and Support, Inc. They are asking for a rescission of their Agreement because they made the same discoveries made by Petro-Sog, which indicates that they want nothing to do with this hazardous “solvent” either.
Then one must ask if the Internal Revenue Service, the state of Louisiana, the California Department of Corporations or the Texas Securities Commission wanted to steal their “solvent”. This is the most laughable of them all. I know Dave and Tom blame their Louisiana prosecution on corrupt local officials, but the fact still remains that many investors lost hundreds of thousands of dollars on this scam. It sounds to me as if they people they scammed were just well connected. None of the documentation or disclosures they made to Louisiana investors discussed the carcinogenic chemicals that are contained within the “solvent”.
These guys think they are above the law. They don’t care if people get hurt because they don’t make the proper disclosures about their “solvent's" toxicity. The only thing on the minds of Feuerborn and Jennings is how they can make some quick cash without working for it. It looks as if the chickens are finally coming home to roost.
- ESS Investor
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