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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 />

-1-<br />

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 />

-2-<br />

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

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