Many investors have become attracted to “green” investments.
While there are legitimate ones out there, some of these investments are
Just last year, the Securities and Exchange Commission (SEC) accused San
Diego-based Nova Gen Corp. of making false statements and selling unregistered
stock. The company, which claimed to possess technology that was capable
of converting coal into virtually emissions-free biodiesel fuel, allegedly
projected highly unrealistic revenue. According to the SEC’s complaint,
this revenue was based on building power plants that the company didn’t
have permits and funding for. The company denied these allegations in
Even though alternative energy is a popular new investment category, it
can be challenging trying to differentiate between the legitimate investments
and the scams. If you are considering investing in alternative energy,
you may be better off looking into a
mutual fund or other similar investment that would allocate only a small percentage
to this area.
If you have experienced financial loss because of
investment fraud, we may be able to help you. Contact one of ourinvestment fraud lawyers by calling (888) 390-6491 or filling out our
Our investment fraud attorneys are licensed in Ohio and California and
we represent clients nationwide with securities arbitration and litigation claims.