SEC v. Inteligentry, Ltd., PlasmERG, Inc., PTP Licensing, Ltd. and John P. Rohner, Case No. 2:13-cv-00344 GMN (D. Nev.). On March 8, 2013, the SEC announced it obtained an emergency order halting an alleged investment scheme. The SEC alleged that John P. Rohner and his companies Inteligentry, Ltd., PlasmERG, Inc. and PTP Licensing, Ltd., solicited investors by claiming that they have developed, tested and patented an operational “plasma engine” fueled by inexpensive noble gases (like helium). The Defendants told investors that the engine dot not pollute and can generate electricity in homes, businesses, boats, and airplanes. The Defendants got investors to buy stock by claiming that the companies would be worth billions of dollars when the plasma engine is publicly revealed. In reality, Defendants did not have an engine fueled by noble gases, nor did they obtain patents for the engine or the plasma technology. Rohner also told investors that he had degrees from the Massachusetts Institute of Technology and Harvard University. However, he never attended these schools. In addition, the Defendants took investor money and used it for personal expenses, including a home, cars and meals at
restaurants. The SEC charged Rohner, Inteligentry, and PlasmERG with violations of Sections 5(a) and 5(c) of the Securities Act. The SEC also charged Rohner, Inteligentry, PlasmERG and PTP Licensing with violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Lastly, the SEC charged Rohner with aiding and abetting violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Exchange Act Rule 10b-5. The SEC seeks injunctive relief, disgorgement, and civil monetary penalties against each defendant, and a bar prohibiting Rohner from serving as an officer or director of any public company.
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