Equal Earth Inc. – SEC Files Complaint

Equal Earth Inc. – SEC Files Complaint | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the SEC Allegations:

From 2013 to 2015, Equal Earth, Inc. (“Equal Earth”), its CEO, Andrew Duggan, and its COO, Mark Hamade defrauded hundreds of investors who had invested millions of dollars in their company. Equal Earth claimed it was a green energy development company that would acquire and build solar projects. From at least October 2013 to September 2015, Equal Earth raised almost $5.6 million from at least 266 investors.

When soliciting those investors, Duggan and Hamade represented that their company had significant historical revenues, it had acquired multiple companies that could generate more future revenue, and had projects with significant power generation capacity, all making it seem as if it was a fast-growing company that would soon go public.

None of that was true. Equal Earth was hardly growing. In fact, it had not acquired most of the companies it said it had. And instead of the $79 million in 2013 revenue it claimed it had earned, its revenues that year were only about $684,000. Also, in the few instances where Equal Earth had actually acquired a company, the acquired company had the right to unwind the deal if Equal Earth did not go public by a specific date.

To make matters worse, while perpetrating these lies, Duggan sold his own Equal Earth stock to unsuspecting investors for profits of about $617,690. He also misappropriated at least $40,000 of investor money.

Investors in Equal Earth, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in Equal Earth, Inc. Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors. 

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years. 

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

If you incurred investment losses in Equal Earth, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.  

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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