ED Magedson – Founder
Billy Barnwell sued for Fraud282 Cheyenne Way Zephyr Cove, Nevada USA
EQCO2, Inc. (CLNO) CEO, Billy Barnwell sued for Fraud (Shad Sullivan is mentioned in the lawsuit. Arnold F. Sock serves as EQCO2 Secretary and CFO) Zephyr Cove Nevada
EQCO2, Inc. (CLNO) CEO Billy Barnwell has been sued for fraud in a 27 page lawsuit highlighting numerous complaints from the plaintiffs.. The facts are very clear. "Billy Barnwell and EQCO2, Inc. have been sued for fraud and misrepresentation ” said a ‘very reliable source’.
The 27 page lawsuit Case A-13-687800-C (http://crownequityholdings.com/CaseDetail.aspx.htm) filed in Clark County, Nevada where EQCO2, Inc is located, can be found at http://crownequityholdings.com/CRWE_vs_EQCO2.pdf. Also, Shad Sullivan is mentioned in the lawsuit.
Some of the issues and/or allegations stated in the lawsuit are:
* DCE/Barnwell Undisclosed Litigation Matters.
* Barnwell Misrepresentations
* DCE has never harvested a so-called green tree project for biomass revenue, timber revenue, or otherwise converted a green tree projecty into registered and validated carbon credits.
* DCE and its subsidiary(s) had $7,000,000 in assets. (untrue)
In an attempt to bully Montse Zaman, one of the he officially called a ‘special meeting’ (private) of the board of directors which did not include an agenda. In it stated’ “Please note: Since this location is your home, we request you make arrangement for this meeting to be conducted in a room with complete privacy. In the event that this is not possible, the meeting can be held outside of the home, or on the sidewalk.” Later it also stated that she was allowed to have her young children present.
When Montse Zaman had legal counsel Harold Gewereter present during the meeting, Billy Barnwell firmly objected even though he had his attorney Arnold F. Sock with him.
You can find Current SEC Filings at http://crownequityholdings.com/sec_filings.html
More to follow.
Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import.
Similarly, such statements in this release that describe the company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company.
This report was posted on Ripoff Report on 09/08/2013 07:18 PM and is a permanent record located here: http://www.ripoffreport.com/reports/billy-barnwell-sued-for-fraud/zephyr-cove-nevada-89448/eqco2-inc-clno-ceo-billy-barnwell-sued-for-fraud-shad-sullivan-is-mentioned-in-th-1082775. 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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