In 2002, the GWE (Genesis World Energy) group was in the News, claiming to have 400 scientists and engineers employed, and having developed a fabulous new kind of free energy device... which was demonstrated as a nice looking prototype, and a fully working unit for home power. Deliveries were underway. A New Jersey stock promoter sold millions of dollars worth of worthless stock before the scam was exposed, but the scam was not really a well-done promotion, and it was only local to a few states.
However, it would still be going on if a few skeptics had not made extraordinary efforts to expose it. They had to force the truth on the SEC and the state of New Jersey - who were almost complicit. Lessons could have been learned. Did a few Greeks take the "genesis course" and learn the 10 commandments for a more perfect scam? Let me make it clear that there is no proof that they are planning a better GWE scam, and there is no proof that they are legitimate either. The intent of this post goes to the old Chinese(?) proverb "fool me once, shame on you, fool me twice shame on me" The Genesis device was essentially a water fuel cell that appeared to separate water into H2 and O2 using less energy that was recovered on recombination. Kelly, the mastermind of it all (not George, who was Rossi's invention, but Patrick) had based the scam loosely on Stanley Meyer, who still to this day has thousands of Fan-boy devotees (most of them think that the invention was suppressed, and Meyer was murdered). http://en.wikipedia.org/wiki/Stanley_Meyer%27s_water_fuel_cell By 2006, the scam had been exposed, mostly on the internet by a guy who drew more nasty name-calling from true believers than Mr Cuda gets here ... and in the end, the company founder Patrick Kelly was sentenced to five years in prison for stealing funds from investors. His big mistake was not to have done it in Calgary, and not to have set-up a fall-guy inventor to take the rap. There were a number of good candidates at the time, and many of them were Rossi-type failed inventors. http://www.nj.gov/oag/newsreleases06/pr20061109d.html So Defkalion, it can be argued - could have improved on the basic "pump and dump" scam in many ways, but there may be no proof of that until it is too late, since this is all taking place in Europe. But with OPEC oil now four times higher than when the GWE scam was hatched, they could sell out a billion Euro IPO with ease.... All you need for a good IPO 'penny stock' scam in this economy is a 1) good cover story, 2) some shoddy initial testing, 3) lots of media attention - and 4) a dozen or so dedicated "evangelists" (with lots of Fan-Boy backup) to spread the word that the new messiah has arrived - and 5) no criticism of the 'great man' will be permitted. I hope none of the type 4) and 5) have settled-in on a science-based forum like vortex, but that seems to be the case, based on a few recent messages. Jones
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