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A $100,000 fine for stealing millions!!! Crime definitely does pay. With the amount of money these guys have conned from investors they could have a fleet of prototypes available for test driving instead of, well, almost nothing of substance to show for $80,000,000 in financing. The engine might work, the people show own it don't. They're crooks, according to the SEC and to anybody who takes a minute to consider what they've done with what they have been given. Avoid these guys like the plague that they are!!
SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act
The US Securities and Exchange Commission (SEC) has issued a cease-and desist order against split-cycle engine developer Scuderi Group (earlier post) and its president, Salvatore Scuderi, as well as a $100,000-fine against Salvatore Scuderi for violations of the Securities Act including unregis...
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Feb 4, 2017
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