EQCO2, Inc. CEO Billy Barnwell Alleged Fraud (OTCMKTS:CLNO)
In early 2009, Billy Barnwell was an officer of Equinox Carbon Equities, Inc.. That same year, American Environmental Energy, Inc. (AEEI) sent out a press release that stated shareholders should be aware that the Company was pursuing litigation against Equinox Carbon Equities and its principals for breach of agreement, unfair business practices and other claims. American Environmental Energy stated that it paid $425,000 as investments and loans to Equinox Carbon Equities for 80% ownership, and after receipt of the funds, Equinox Carbon Equities terminated the agreement, kept the money and it refused to deliver the ownership interest. Link: (http://www.businesswire.com/news/home/20090320005739/en/American-Environmental-Energy-AEEI-Warns-Shareholders-Improper.)
Now, Crown Equity Holdings Inc. (CRWE) recently reported it is seeking a cancellation of the Exchange Agreement between Discovery Carbon Environmental Securities and Cleantech Transit, Inc. In addition, they have notified the SEC, Finra and FBI of possible inappropriate solicitations, fraud and lack of transparency by EQCO2, Inc. (CLNO) CEO Billy Barnwell.
Crown Equity Holdings, Inc. is also notifying the Federal Government and its appropriate agencies to be aware of Shad Sullivanâs possible insider trading regarding shares of CLNO & CLNOD.
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