It’s February 2011! That means only 21 days until the Criminal Trial of Feuerborn and Jennings. David Feuerborn, Thomas Jennings, and Lawrence Shultz have been, and will continue to scam investors unless they are stopped. A conviction in the Criminal Case will go a long way to help stop their scam. We can only hope that the Judge will give them a long prison sentence after they are convicted. While the Criminal Case is mostly about tax fraud, these individuals have scammed more than $20 million from investors over the last 18 years on their environmental cleanup scam. They scammed money from church-going grandmothers and grandfathers in Louisiana and California who gave them all of their life savings in hopes of riches. Little did these, mostly elderly, investors know that David Feuerborn and Thomas Jennings were purchasing condominiums, motorcycles, exotic cars, interior decorating, RVs, houses, etc., with their money and spending only enough on their “machines” to keep the investors investing.
For those that don’t know, Feuerborn, Jennings and Shultz use chlorinated chemicals that are extremely toxic and harmful, and they use them in table top demonstrations to investors in order to raise money for separation machines that use these toxic chemicals. They will claim that they are environmentally safe and will provide fake documents to investors that want due diligence, but Louisiana and California authorities have confiscated their “solvent” during demonstrations and determined that 80%+ of the chemicals contained within their “solvent” are carcinogenic and can evaporate into a toxic chlorinated gas. They will claim that these law enforcement officials are corrupt and maliciously placed chlorinated chemicals in their “solvent” to undermine them. They are constantly using honest companies that uncover their scam, as well as federal and state law enforcement officials as scapegoats by stating that they are all out to get them or out to steal their technology. I find this amusing because every company that has sued them just wants to get away from them (including the most recent lawsuit filed against them by Freestone), and every law enforcement agency just wants to stop them from scamming more investors.
The Judge in the Criminal Case ordered the legal counsel for Feuerborn and Jennings to comply with the Federal Rules of Criminal Procedure, and submit reciprocal discovery as well as any discovery they wish to present in their Criminal Case by February 8, 2011. We know that Feuerborn and Jennings want to present evidence on the chemical’s effectiveness, but I have a feeling the Judge will not allow this evidence because it has nothing to do with their tax fraud indictment (even though the money in question derived from their chemical scam). In fact, the two people they want to testify on the chemical’s “effectiveness” are individuals that have money invested and ownership in the technology. They don’t have any credentialed chemists willing to testify on their behalf.
Let us all hope that Feuerborn and Jennings will be convicted and get ten or more years in prison. Let us all hope that federal investigators begin an investigation on Larry Shultz so he cannot continue this scam after his partners are in prison. These individuals need to be stopped once and for all. Prison is the only way to stop these arrogant, egotistical, pathological individuals. If we cannot stop them they will continue to expose people to their chlorinated, toxic chemicals, and continue to defraud investors.
-ESS Investor
I am a microcap investor and came across FSNR.OB and started reading SEC filings, message board postings. I then located your blog site. I find your commentary very insightful. I hope you continue.
ReplyDeleteI am on the sideline for investment purposes, trying to determine if the company has any value for an investor. At this point, I do not see value.
Dear DIY_INVESTOR:
ReplyDeleteThe purpose of my blog is to focus on the chemical and tax scam perpetrated by David Feuerborn, Thomas Jennings, and now Larry Shultz. I am merely following the Civil and Criminal Cases against them in an effort to keep the public informed about these con artists.