30 Aug Enviro Board Corporation: Glenn B. Camp, William J. Peiffer, & Joshua D. Mosshart – Investment Fraud Charges
Enviro Board Allegedly Promised to Quickly Earn Money by Selling Millions of Dollars in Highly Complex Federal Tax Credits
Joshua D. Mosshart, President of Enviro Board Corporation, allegedly made huge projections of multi-million dollar profits to potential investors which would first purportedly require Enviro to properly place ten commercially-viable mills in operation within six to 18 months, an event not very likely, according to a recent SEC Complaint currently under review by attorneys Joe Peiffer and James Booker.
Secondly, Enviro Board allegedly needed to quickly earn cash by selling millions of dollars in federal tax credits through a sophisticated transaction that depended on complicated third-party financing which the company could not realistically obtain because they had to be secured by Enviro Board mills that did not even exist at the time, the SEC also notes.
The Peiffer Wolf securities lawyers are currently investigating Joshua D. Mosshart and his Enviro Board Corporation’s alleged agro-waste scheme.
Enviro Board’s Short-term Projections of Millions of Dollars were Allegedly Based on Imaginary Operating Profits and Hence Fraudulent, False and Misleading
Enviro Board’s alleged agro-waste scheme was purportedly propped up by short-term projections of millions of dollars in fictional operating profits were false and therefore allegedly fraudulent and misleading, according to an SEC Complaint currently under review by attorneys Joe Peiffer and James Booker.
Furthermore, Enviro Board allegedly distributed offering materials which showed that the company had previously designed and installed a working production line, the SEC further notes.
Finally, Enviro Board further offered that its panels were allegedly available in two sizes, already in use in residential and commercial construction projects and “mass produced,” and that the company had secured $161 million in “vendor financing”, the SEC reports. The aforementioned statements, the SEC notes, were all allegedly false.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged securities fraud scams and are currently investigating Joshua D. Mosshart and his Enviro Board’s alleged agro-waste fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Joshua D. Mosshart and his Enviro Board’s alleged agro-waste fraud scheme may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 216-589-9280.
