Mantria Corp., supposedly defrauded investors out of millions with blatant
disregard, having investors drain money from equity in their homes, college
funds, and bank loans to invest in their so-called green energy company.
Mantria operated with a "sociopathic greed", according to the
judge in the case. The judge found that Mantria had scammed more than
$54.5 million "by egregiously, recklessly, knowingly, and shamelessly
perpetrating a fraudulent scheme" that used "misrepresentations, omissions, and blatant lies to induce unsuspecting and unwitting victim
investors to liquidate the equity in their homes and take out bank loans
to invest in Defendants' scheme, which was nothing more than smoke
Mantria executives Troy Wragg and Amanda Knorr were charged in the alleged
scheme, as was salesman Wayde McKelvy of an entity known as "Speed
of Wealth LLC".
The judge's ruling specifically points to internal Mantria emails
uncovered by the SEC during the probe.