Remediation Earth, Inc. - Department of Corporations - State of ...
Remediation Earth, Inc. - Department of Corporations - State of ...
Remediation Earth, Inc. - Department of Corporations - State of ...
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<strong>State</strong> <strong>of</strong> California - <strong>Department</strong> <strong>of</strong> <strong>Corporations</strong><br />
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STATE OF CALIFORNIA<br />
BUSINESS, TRANSPORTATION AND HOUSING AGENCY<br />
DEPARTMENT OF CORPORATIONS<br />
TO: Green <strong>Earth</strong> Strategies, <strong>Inc</strong>.<br />
Peter Reinert<br />
24331 Muirlands Blvd., Suite D4-318<br />
Lake Forest, CA 92630<br />
and<br />
www.landfilltoenergy.com<br />
<strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>.<br />
also known as REI<br />
Daniel Moscaritolo<br />
4607 Lakeview Canyon Rd, Suite # 438<br />
Westlake Village, CA 91361<br />
and<br />
www.remediationearth.com<br />
DESIST AND REFRAIN ORDER<br />
(For violations <strong>of</strong> section 25110 <strong>of</strong> the <strong>Corporations</strong> Code)<br />
The California <strong>Corporations</strong> Commissioner finds that:<br />
1. At all relevant times, Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. is and was a Nevada corporation<br />
incorporated on March 5, 2010. Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. maintains a website at<br />
www.landt<strong>of</strong>illenergy.com. According to the website, Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. maintains an<br />
address at 24331 Muirlands Blvd., Suite D4-318, Lake Forest, California 92630.<br />
2. At all relevant times, Peter Reinert (“Reinert”) was the chief executive <strong>of</strong>ficer and a control<br />
person <strong>of</strong> Green <strong>Earth</strong> Strategies, <strong>Inc</strong>.<br />
3. At all relevant times, <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>., also known as REI, is and was a Nevada<br />
corporation incorporated on July 26, 2007. <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. maintains a website at<br />
www.remediationearth.com. According to the website, <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. maintains an address<br />
at 4607 Lakeview Canyon, Rd. Suite #438, Westlake Village, California 91361.<br />
4. At all relevant times, Daniel Moscaritolo (“Moscaritolo”) was president, chief executive<br />
<strong>of</strong>ficer and a control person <strong>of</strong> <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>.<br />
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DESIST AND REFRAIN ORDER
<strong>State</strong> <strong>of</strong> California - <strong>Department</strong> <strong>of</strong> <strong>Corporations</strong><br />
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5. Beginning on at least March 21, 2012, Green <strong>Earth</strong> Strategies, <strong>Inc</strong>., Reinert, <strong>Remediation</strong><br />
<strong>Earth</strong>, <strong>Inc</strong>., and Moscaritolo <strong>of</strong>fered or sold securities, in the form <strong>of</strong> stock.<br />
6. Through general solicitation in the form <strong>of</strong> a website <strong>of</strong>fering at www.landfilltoenergy.com,<br />
Green <strong>Earth</strong> Strategies, <strong>Inc</strong>., Reinert, <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>., and Moscaritolo <strong>of</strong>fered or sold these<br />
securities in the <strong>State</strong> <strong>of</strong> California.<br />
7. As <strong>of</strong> May 22, 2012, Green <strong>Earth</strong> Strategies, <strong>Inc</strong>.’s website, located at<br />
www.landt<strong>of</strong>illenergy.com, states that <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>., also known as “REI,” was started to<br />
“engineer, manufacture, market, sell, lease, build-own and operate (“BOO”), and form strategic<br />
alliances (such as JV’s) with select companies for developing projects that employ or access<br />
technologies capable <strong>of</strong> remediating benign and hazardous waste, producing alternative fuels and<br />
electrical power, and purifying contaminated water for industrial re-use and potable water production<br />
. . . Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. is a promoter <strong>of</strong> clean, green technology and the corporate<br />
philosophy <strong>of</strong> <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. as a clean, green alternative and advanced engineering in<br />
hazardous waste recycling. Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. and <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. are two separate<br />
entities with no common ownership.”<br />
8. Green <strong>Earth</strong> Strategies, <strong>Inc</strong>.’s website contains a section on the “Latest REI Company News.”<br />
An announcement entitled “PHENOMENAL REI Update” reports that “[a]fter a long time <strong>of</strong><br />
waiting, negotiating, researching and developing the technology, we are now in the process <strong>of</strong><br />
completing the manufacturing <strong>of</strong> our first system and are in the process <strong>of</strong> securing a suitable<br />
installation site in Colorado.” The announcement goes on to say that Green <strong>Earth</strong> Strategies, <strong>Inc</strong>. and<br />
<strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. are “<strong>of</strong>fering a limited amount <strong>of</strong> shares” to complete the project. The<br />
announcement states that “[a] dividend will be paid to all shareholders . . . In our and the expert’s<br />
opinions, this project is a hugely pr<strong>of</strong>itable venture for all . . . Our patience has paid <strong>of</strong>f. We now<br />
have the most modern technology at a reasonable cost and a great pr<strong>of</strong>it potential.” The<br />
announcement also directs potential investors to call (800) 536-8270 for questions.<br />
9. These securities were <strong>of</strong>fered or sold in this state in issuer transactions. The <strong>Department</strong> <strong>of</strong><br />
<strong>Corporations</strong> has not issued a permit or other form <strong>of</strong> qualification authorizing any person to <strong>of</strong>fer or<br />
sell these securities in this state.<br />
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DESIST AND REFRAIN ORDER
<strong>State</strong> <strong>of</strong> California - <strong>Department</strong> <strong>of</strong> <strong>Corporations</strong><br />
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Based upon the foregoing findings, the California <strong>Corporations</strong> Commissioner is <strong>of</strong> the<br />
opinion that the stock being <strong>of</strong>fered or sold by Green <strong>Earth</strong> Strategies, <strong>Inc</strong>., Peter Reinert,<br />
<strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>. and Daniel Moscaritolo are securities subject to qualification under the<br />
California Corporate Securities Law <strong>of</strong> 1968 (California <strong>Corporations</strong> Code section 25000 et seq.)<br />
and are being or have been <strong>of</strong>fered or sold without qualification in violation <strong>of</strong> <strong>Corporations</strong> Code<br />
section 25110. Further, pursuant to section 25403 <strong>of</strong> the <strong>Corporations</strong> Code, any person who controls<br />
or induces another person to violate a provision <strong>of</strong> the Corporate Securities Law <strong>of</strong> 1968, or any<br />
person who provides substantial assistance to another person in the violation <strong>of</strong> the Corporate<br />
Securities Law <strong>of</strong> 1968, shall be liable for the violation. Pursuant to section 25532 <strong>of</strong> the Corporate<br />
Securities Law <strong>of</strong> 1968, <strong>Remediation</strong> <strong>Earth</strong>, <strong>Inc</strong>., Peter Reinert, Green <strong>Earth</strong> Strategies, <strong>Inc</strong>., and<br />
Daniel Moscaritolo are hereby ordered to desist and refrain from the further <strong>of</strong>fer or sale <strong>of</strong> securities<br />
in the <strong>State</strong> <strong>of</strong> California, including but not limited to stock, unless and until qualification has been<br />
made under the law or unless exempt.<br />
This Order is necessary, in the public interest, for the protection <strong>of</strong> investors and consistent<br />
with the purposes, policies and provisions <strong>of</strong> the Corporate Securities Law <strong>of</strong> 1968.<br />
Dated: June 6, 2012 JAN LYNN OWEN<br />
California <strong>Corporations</strong> Commissioner<br />
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DESIST AND REFRAIN ORDER<br />
By _________________________<br />
ALAN S. WEINGER<br />
Deputy Commissioner<br />
Enforcement Division