I am one of the thousands of people that invested in Encore Clean Energy at the behest of Mr. Shultz. Encore claimed to have developed a waste heat recovery system called the HeatSeeker (among some various other bogus products). Shultz had me invest in this worthless company. Years after my investment I found out that Larry received a huge finders fee from my investment that he never told me about.
I invested because Shultz told me that the HeatSeeker was in the final stages of development. Years later I found out this was just a pinky scam shell company, and the technology never worked. It was only a concept, but Shultz over-embellished in order to pocket some cash to make up for his other scams running dry. Now I am holding worthless ECLN stock while Larry pocketed some of the cash I invested!
I will post more about his other scams that include: a stolen airbag deployment technology, Cryotherm Crap, a fake wireless gaming device, and a snake oil scam. Shultz has been busy moving from one scam to another. Don't be fooled!
Dan Hunter from ECLN is setting up his next scam. Do you know of other ECLN shareholders? I can't find much reaction to the company evaporating in 2006. td_macrae@outlook.com
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