Head of the energy company 808 Renewable Energy Corp arranges Ponzi scheme on NYSE
Securities and Exchange Commission (SEC) indicted four individuals from California for fraud, who deceived the company's investors 808 Renewable Energy Corp. Main accused, founder and CEO of the company 808 Renewable Energy Corp. Patrick Carter, together with a number of top managers engaged in fraud with 2009 years within five years, having kidnapped more $30 million from hundreds of investors.