- Report: #492793
Report - Rebuttal - Arbitrate
Complaint Review: Matthew Sarod aka Sarad
Matthew Sarod aka Saradwww.sunnanosys.com Internet United States of America
Matthew Sarod - Sarad - telomolecular.com - sunnanosys.com - mallorcainc.com Solar Company SunNanoSys.com former CEO Matthew Sarad of Telomolecular who defrauded investors out of $6.5 mil now making bogus claims for solar products and using alias Matthew Sarod Internet,
*UPDATE Employee: The Signs Were There, But I Was Blinded By The Potential
*UPDATE EX-employee responds: Wow what a joke you are Matt.
*UPDATE EX-employee responds: Matthew Sarod/Sarad Matthew Sarod or Matthew Sarad I am not his accomplice. I was screwed just as much if not more than my investors.
* : Harassment
* : In response to Mr Sarad sun nano systems rebuttal
* : Total Slander
Also the R&D claimed by SunNano per sunnanosys.com site which has no biography of anyone within the company, particularly anyone leading any R&D department, appears to be only an article by a professor at University of Illinois on nanoparticles increasing efficiency of conventional solar panels which Matthew Sarod / Sarad or R&D department if there is one, had absolutely nothing to do with as neither M.Sarod / Sarad or SunNano Systems is mentioned in article. When I asked on conference call where exactly SunNano R&D facility was and where all the nano enhanced products were processed the question was answered with Sacramento and one in LA but when I pressed the question and asked if by Sacramento he meant the Rancho Cordova address on Trade Center Dr I was told yes. This address was former location of Telomolecular a company currently not in business which Matthew Sarad was CEO of but was ousted from after defrauding $6.5 mil from investors by using false information ( see articles below) These and other claims on sunnanosys.com site such as "Our chief technology focus is the development of solar nanoparticle technologies. Our research and development shows that a film coating of solar nanoparticles can increase the efficiency of standard PV solar panels by 60% ( 40% / 50% is used elsewhere on site ). We believe this focus will lead to some of the most efficient and inexpensive solar panels on the market." and "Cutting edge solar technologies. Thin and durable nano-enhanced solar panels cost half as much to build but produce twice as much energy." ( The conventional panels not thin film are the panels being nano enhanced which are ordered from manufacturers such as Canadian Solar / Suntech according to Product Specification Doc so claim of costing half of much to build but produce twice as much electricity can not be accurate as paying for nanoparticles and paying someone to go out 2-3 weeks later to apply them would increase the cost and output of electricity in not twice as much (100%) but 40 to 60%.
These claims led me to do a domain search http://www.networksolutions.com/whois-search/sunnanosys.com which led me to find Matthew Sarod and Matthew Sarad are same person as link above has ( to date as of 9/10/09 ) contact info for M Sarod using email@example.com as email address and when a search for 504bank.com revealed a contact for Ben Keszler with same 10933 Trade Center Dr Rancho Cordova address as telomolecular and a disconnected Ph # as is # for telomolecular.com which is listed contact email for 504bank it eventually led me to coming in contact with remaining board members of telomolecular who confirmed Sarod is actually spelled Sarad and we determined the same person and they were very interested in name change as according to the board member I have been in contact with the $6.5 mil defrauded from telomolecular investors was never actually recovered. This same board member supplied me with info about story found in article written back on 9/26/08 all about the scam pulled off by M Sarad and his accomplice Jeremy Jobe. http://www.sacbee.com/business/story/1267214.html for complete SEC file see link below. http://www.sec.gov/litigation/complaints/2008/comp20745.pdf
Also found in my search was the 800# used by sunnanosys.com is same 800# used by mallorcainc.com a website registered to a Matthew Grant firstname.lastname@example.org using same address and Ph# as sunnanosys registrant Matthew Sarod 8037 Orange ave Fair Oaks Ca. Phone: 916-223-4061 Mallorca site was recently taken down possibly because I asked about it on a conference call however I have all pages and claims made on that site saved as well as all the domain searches in case they are changed or deleted. On Mallorcainc site claims were as stated below "Mallorca is building resorts where consumers can learn about and try the latest anti-aging breakthroughs. Each resort will boast a world class health spa, classes and conferences where we discuss and test breakthrough products, and unique restaurants and bars themed on hi-tech aging and beauty. This is a wonderful present for a husband or a wife that wants to do something new and unique. We really focus on delivering a fun experience by filling your days full of activities and events. The Costa Del Sol Our first vacation resort is opening soon. Were developing a gorgeous hotel facility in a legendary Villago Blanco (white village) just 25 minutes from Malaga's main beach. The hills and white villages of the Costa Del Sol have become the fashionable place for celebrities to stay and its a short ride to the beach. There are golf courses everywhere. Malaga was recently named the cultural capital of Europe and for those that have never been to the Costa Del Sol its very "cool". Book now as rooms go fast" and Coming Soon "We plan to soon announce vacation resorts in Las Vegas, Rio De Jineiro, Cancun and Vienna. Many of the goods and products sold in our resorts cannot be purchased in the United States and are the most state of the art in rejuvenation products. Look and feel better with your stay." Curiously the products mentioned could not be purchased as only 3 had ADD to CART links none of which actually were functioning and all the other products were coming soon ! "Mallorca's regenerative medicine and anti-aging products are developed by our scientists and other top technology companies. A significant percentage of the income we generate selling beauty and health products goes back into discovering novel treatments for diseases of aging and cancer."
My posting of this blog is to inform anyone who may do a search on sunnanosys / Matthew Sarod will consider all info above before they become a distributor for a person who has defrauded others in the past and is currently making some very tall claims to put it mildly. I have followed the solar industry for a long time and no other solar company in business is doing things the way Matthew Sarod / Sunnano systems claims....the majority of solar companies are struggling to break even right now and have negative balance sheets and if adding nanoparticles to panels could be tested and approved surely many established solar companies would be in process of doing it so output can be added to panel rating / rebate as the University of Illinois Nano article is public knowledge published over 2 years ago and found on internet by anyone http://news.illinois.edu/news/07/0820solarcells.html and states "The process of coating solar cells with silicon nanoparticles could be easily incorporated into the manufacturing process with little additional cost, Nayfeh said."
Its hard to believe a company such as SunNano can offer cheaper panels installed with a more expensive material/ S&H / installation/processing system via applying nano particles to panels / products after manufacturing process that supposedly have higher efficiency yet has not been verified by UL laboratories or any other agency so extra efficiency can be applied to panels rating / rebate because R&D department seemingly didn't test and seek UL seal of approval after nanoparticles are applied.
Any legitimate company with a process that could increase efficiency up to 60% one would think would patent process then have panels with nanoparticles applied, tested & approved by the certified agencies like UL Laboratories so extra efficiency can be applied to panel rating and rebates rather than start up an MLM company and do everything after manufacturing process at higher cost per panel. At very least they could enter into a manufacturing agreement with current suppliers with anti-infringement agreements in place assuming SunNano has applied for patent of their nano application process.
SunNano also claims to warrant their panels for 25 years but no testing as to how long the nano particles last on panels has been proved. According to SunNano cost comparison file they also claim although thin cell panels are cost competitive only last 10 years however nanosolar.com who has spent millions in verifiable R&D has rigorously tested their thin film panels under accelerated lifetime testing and offer a 25 year warranty compatible with their testing results. http://nanosolar.com/Designedtolast.htm
The whole business plan is far fetched and going to put any company in the red over time...paying someone to go back 2-3 weeks later to apply nano to installed panels and the logistics and extra cost of having to pay someone to take other "nano enhanced" products apart applying nanoparticles and put back together again then shipped a 2nd time would get ridiculously costly and time consuming if ever any sizeable volume of sales were reached over entire U.S. not to mention Europe and Asia which SunNano plans to be targeting as well. Also mentioned on SunNanosys.com is a lease program for both business & residential installations which would be offered at no cost to customer and they would pay only 75% of what they pay now per kilo-watt effectively making SunNano Systems their electric provider for duration of lease however when I emailed Matthew Sarod in reference to this his response was the lease program for residential might be hard to do right now but would look into it and get back to me which he has yet to do. In fact Matthew Sarod has not once returned any of my calls and when I decided to reach him at the # listed on his domain registration instead of 800# he made an excuse his daughter was making to much noise and asked if he could call me back which he has yet to do either over a week now.
I will let the readers come to their own conclusions as I have as it is very clear many of the claims are bogus coming from someone with 3 different names and although its possible to have a business model as SunNano Systems claims it would not be a profitable one. Right now there are many distributors who have no idea who they are actually working for as this scammer of telomolecular investors spells his name Sarod in his emails and domain registration but really is Matthew Sarad. He does so likely because if someone did a search on Matthew Sarad they would come across articles above and not many would likely do business with him unless they perhaps were in on telomolecular scam. This blog will hopefully expose this new venture for what it is !
This report was posted on Ripoff Report on 09/10/2009 11:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/Matthew-Sarod-aka-Sarad/internet/Matthew-Sarod-Sarad-telomolecularcom-sunnanosyscom-mallorcainccom-Solar-Compan-492793. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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