Open Accessibility Menu
Blog

Three Charged in Alleged Green Energy Investment Fraud

David P. Meyer, Esq.

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 and mirrors."

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.

Categories: