Time Running Out for Wragg - Criminal Charges Coming
May 23, 2013 - For the last three years, Ponzi schemers Troy Wragg, Amanda Knorr, Wayde McKelvy and Donna McKelvy have gone on with their lives while the victims have suffered the consequences of one of the largest Ponzi schemes in US history.
>>Read more. Mantria CIO Dead at 53. Suicide Unconfirmed.
May 15, 2013 - Mantria CIO, Yourvibe.com co-founder and CIO, and Troy Wragg's uncle died on May 12, 2013. It has been reported to this website, though unconfirmed, that suicide was the cause of death and took place in the bedroom of his rented Sarasota, Florida home. While Gruber built the many computer systems at Mantria, he had not been charged in the Mantria Ponzi scheme.George Gruber was one of eight people related to Troy Wragg that worked at Mantria.
>>Read more. SETTLEMENTS! - Receiver's Twelfth Quarterly Report
May 4, 2013 - Three years to the day of his appointment as Mantria Receiver, John Paul Anderson released his Twelfth Quarterly Report. Four pages of the usual copy and paste and only one interesting paragraph.
>>Read more. Most Read: April 2013Here are the most read articles for the month of April 2013.
Latest with CFO Dan Rink Settlement
April 28, 2013 - Nothing. The settlement was to be finalized by April 25th, but that day came and went. No documents for the court on the status of the settlement and, of course, nothing from Mantria Receiver John Paul Anderson, but the victims do not expect the Receiver's...
>>Read more. Last time you heard from Mantria Receiver
April 27, 2013 - It has been 77 days since we had a "monthly" update from John Paul Anderson of Alvarez & Marsal. May call his lack of communication with the Mantria Ponzi victims strange, bizarre, inappropriate and, probably, unprecedented in Ponzi scheme Receivership history, but the court allows...>>Read more.
Daniel Rink Ready to Settle with Mantria Receiver
April 19, 2013 - According to court records, Mantria Chief Financial Officer and member of the Mantria Board of Directors and Executive Committee, Daniel J Rink is ready to settle with the Mantria Receivership. There is an agreement in principle and it should be finalized by April 25, 2013.
>>Read more. Tatum's Delay Denied; Class Action Moves Forward
April 9, 2013 - At a hearing on March 28, 2013, Tatum Attempted to Delay the Investors' Class Action and progress has been made in the investors' case against the Mantria gatekeepers. This is happening while the Receiver's litigation against the gatekeepers goes nowhere, or actually backwards as it has been delayed by more than a year, and the Mantria Receiver, John Paul Anderson...
>>Read more. Most Read: March 2013Here are the most read articles for the month of March 2013.
YourVibe.com Lands Fortune 500 Advertisers? Yes, that's Troy Wragg.
March 31, 2013 - Really? Really? Ebay, BMW, Ford and Macy's are aligning their brands with Troy Wragg and Amanda Knorr. Well, according to Troy Wragg, "Yourvibe.com has landed another Fortune 500 advertiser", but is it true?
>>Read more. Janitor to Ponzi President to Waitress
March 28, 2013 - Reports have come in from a couple of sources that Amanda Knorr is now a waitress at a suburban Philadelphia restaurant. Just imagine their surprise when Knorr bussed their table! It is unknown if Troy Wragg, Knorr's fiancé, is working in the kitchen of the restaurant.
>>Read more. Tatum Attempts to Delay Investors' Class Action Patrick Howard, co-counsel
March 26, 2013 - While the Receiver's litigation against the gatekeepers goes nowhere, or actually backwards as it has been delayed by more than a year, the Investors' Class Action lawsuit continues its case against the gatekeepers. There are multiple updates and the documents follow at the end of this post.
>>Read more. Mantria's Assets Drop $3M in 1 Year: Where's the money?
March 19, 2013 - Just a couple of weeks ago, I posted a followup to Mantria Receiver's Enron-like balance sheet with Revisiting the Mantria Receiver's Enron-like Balance Sheet. In the followup, I wrote the assets at most were valued at $1.2M against liabilities of $42M.
The Receiver posted a balance sheet to PACER for the period ending December 31, 2012 and he also has Mantria's assets valued at $1.2. How did that happen? Only one year ago, he had assets listed at $4.3M. Where did $3M go? >>Read more. Finally, A Receiver's Financial Report!
March 8, 2013 - What's the hurry? With no apparent oversight of the Mantria Receiver it is actually a surprise that he does any work at all, say most, if not all, of the Mantria victims. An embarrassment to the firm of Alvarez & Marsal, the Mantria Receiver, John Paul Anderson, continues to show little progress in the nearly THREE years he has "managed" the Receivership. Yes, it will be THREE years next month when John Paul Anderson was appointed by Judge Arguello. I wonder if she thought this Receivership would be needed this long and for another 3-4 years.
>>Read more.
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“The SEC demonstrated in its action that
this was a sophisticated fraud” |
May 23, 2012 - $54 million pales in comparison to the billions swindled by Bernard Madoff’s Ponzi scheme, but there is no difference to the hundreds of victims--many of them elderly--of the alleged financial fraud led in part by once high-flying Mantria Corp., a former Bala Cynwyd company, according to a Complaint filed by Philadelphia-based Saltz Mongeluzzi Barrett & Bendesky (“SMBB”).
> > Read more |
Investors' Class Action Lawsuit Receives Media Attention
SMBB Attorney Patrick Howard
May 21, 2012 - The search by a Philadelphia law firm has begun for victims of a $54 million Ponzi scheme dubbed last year as the largest green scam in America -- in part evolving from a City Avenue company called Mantria.
Attorney Patrick Howard, of Saltz, Mongeluzzi, Barrett & Bendesky, said yesterday that the first briefs in the class action suit are due Friday. Those will likely be motions by defendants to dismiss the lawsuit.
> > Read more.
Attorney Patrick Howard, of Saltz, Mongeluzzi, Barrett & Bendesky, said yesterday that the first briefs in the class action suit are due Friday. Those will likely be motions by defendants to dismiss the lawsuit.
> > Read more.
Denver Hearing Scheduled on Motion for Final Judgment
May 19, 2012 - In February 2012, the SEC filed a motion for final judgment against Troy Wragg, Amanda Knorr, Wayde McKelvy and Donna McKelvy. According to this document, "Defendants Troy B. Wragg and Amanda E. Knorr oppose this motion. Defendant Donna M. McKelvy does not oppose this motion, and Wayde McKelvy did not respond." No surprises.
> > Read more.
> > Read more.
While We Wait...Other Ponzi Criminal News
What is Wragg doing
while we wait?
while we wait?
May 17, 2012 -
As we wait for the Receiver's Fee Report to be posted and the May 25th deadline for responses to the defendants’ April 25th pleadings and motions due from the Receiver’s and investors’ class action counsel, Mantria Ponzi news has been very slow. We are also waiting for the inevitable criminal charges against at least Troy Wragg and possibly the others ponzi scheme leaders, and SEC responses to the meritless motions of Wragg and Knorr regarding why there should not be final judgment in the civil case after 912 days since the SEC's initial action of shutting down Mantria.
> > Read more.
> > Read more.
"Wragg and Knorr cannot pay any judgment" - Attorney
May 12, 2012 - This past week defendants Troy Wragg and Amanda Knorr answered the SEC through its attorneys in support of their motion for a stay of proceedings in determining penalties and disgorgement. They want the stay to be put into place pending the outcome of the Receiver and investor lawsuits and the grand jury investigation.
> > Read more.
> > Read more.
Examples: Unaudited & Not Reviewed Ponzi Financials
May 10, 2012 - Financial statements like the below have been submitted to this website by investors that were provided by Mantria and alleged "Gatekeepers" Krassenstein and Unger.
The Receiver's claim says that audited and reviewed financial statements were provided by Krassensteing and Unger. Keep in mind only $11K was paid to Krassenstein so where was the motivation to mislead. Yes, only $11k over years. > > Read more.
The Receiver's claim says that audited and reviewed financial statements were provided by Krassensteing and Unger. Keep in mind only $11K was paid to Krassenstein so where was the motivation to mislead. Yes, only $11k over years. > > Read more.
Lawsuit Defendants Answer Receiver & Investor Complaints
May 6, 2012 - We now have the defendant's answers to the complaints of the Receiver and the Investors. These answers are listed below. The plaintiffs now have until May 25th to respond to the defendants.
> > Read the documents.
> > Read the documents.
Mantria Receiver's 8th Quarterly Report
May 3, 2012 - The Receiver's 8th Quarterly Report was released on April 30, 2012, but has not made it to the Receiver's web site, yet, but here it is below. Overall, the value of the receivership decreased by $16,000, there is an offer on the biochar plant in Dunlap, and the Receiver had a conference call with the former Mantria employees, that's about it for new information.
Excerpts below from the 7 page report for those who do not have the time/desire to read it all. The full text is also below. > > Read more.
Excerpts below from the 7 page report for those who do not have the time/desire to read it all. The full text is also below. > > Read more.
Happy Anniversary, Mantria Receiver!
April 30, 2012 -
It is the second anniversary of the Mantria Receivership and in celebration John Paul Anderson now has his own page on this web site. For the amount of money the Receivership has cost the Mantria victims, Mr. Anderson deserves a page to highlight the 2 years of effort and hundreds of thousands of dollars spent. (Mr. Anderson please submit a photo of yourself for your page).
Why do I and so many of the Mantria Victims have issues with the Receiver? Generally, the issues fall into three categories: > > Read more.
Why do I and so many of the Mantria Victims have issues with the Receiver? Generally, the issues fall into three categories: > > Read more.
SEC Replies to Wragg/Knorr's "Meritless" Motion
April 29, 2012 - One has to appreciate SEC attorney Tom Krysa's no-nonsense style in the following documents as he responds to Wragg and Knorr's motion. For example, Krysa calls the motion "a last-ditch effort to delay enforceable money judgments against them, Wragg and Knorr have filed a meritless motion to stay".
Here are some highlights (full text of two documents below):
>> Read more.
Read All Blog Posts.
Here are some highlights (full text of two documents below):
>> Read more.
Read All Blog Posts.
Count the Lies: Wragg & McKelvy Capital Raising Webinar
Troy Wragg poses at
Dunlap biochar plant.
Dunlap biochar plant.
April 27, 2012 - A reader just submitted this video of a Troy Wragg and Wayde McKelvy webinar highlighting the Mantria Waste-Conversion Technology that took place around August 2009.
I thought we could make a game out of this, how many lies / misleading statements are in this video? Are there any? Ha! Ha! Seriously "folks" (as Wayde Mckelvy would say), a few commenters have already found 20 in the first 24 hours.
Point out the lies/misleading statements in the comment section.
> > Watch the video and point out the lies in the comments.
I thought we could make a game out of this, how many lies / misleading statements are in this video? Are there any? Ha! Ha! Seriously "folks" (as Wayde Mckelvy would say), a few commenters have already found 20 in the first 24 hours.
Point out the lies/misleading statements in the comment section.
> > Watch the video and point out the lies in the comments.
Philly Business Journal Outlined Tatum's Work at Mantria
Tatum Partner Dan Rink on Left
advises Wragg and Knorr.
advises Wragg and Knorr.
April 26, 2012 - "Don't blame us, we're just headhunters" is the defense Tatum/SFN has decided to go with in the lawsuits by the Receiver and investors. It sounds like quite the reach from the non-lawyer perspective and seems especially odd as they had three of its partners (Dan Rink, Stephen Markert, Elizabeth Shuttleworth) working with Mantria.
Interestingly, an article written by Tatum and published in... Read more.
> > Read All Blog Posts.
Interestingly, an article written by Tatum and published in... Read more.
> > Read All Blog Posts.
Recent & Most Popular Mantria Ponzi Scheme Updates
Mantria Receiver Emails Mantria Ponzi Victims
April 19, 2012 - Regular readers know that this blog has been critical of the Receiver's lack of ability or desire to communicate with the Mantria Ponzi scheme victims, but here is the Receiver communicating. This should not be a big deal but his absence has been felt by the many victims impacted by the scheme.
> > Read more.
> > Read more.
Wragg/Knorr Respond to Motion for Final Judgment
Amanda Knorr &
Troy Wragg
Troy Wragg
April 14, 2012 - It is no surprise that Mantria Ponzi scheme leaders and rap music video extras Troy Wragg and Amanda Knorr want the motion for final judgment to be denied, but their lawyer seems to be reaching with these reasons. In summary and without legal jargon, Troy Wragg and Amanda Knorr believe the Judge should deny or stay this motion because 1) we should wait for the outcome of the Receiver and investors' lawsuits (i.e. many, many years), and the outcome of the grand jury investigation, 2) we dispute the amounts ($37M) and 3) we never admitted to the allegations.
> > Read more.
> > Read more.
Possible Reason for Mantria Criminal Charges Delay
April 11, 2012 - As we near the 2.5 year anniversary of the SEC's action to stop the Mantria Ponzi scheme, we have been asking daily, "what is taking so long?" We know the Receiver has had nearly 2 full years of communication and urgency challenges, but how about the DOJ in beginning the criminal case?
> > Read more.
> > Read more.
Investors' Class Action: Tatum/SFN Group Motion to Dismiss
Rink: Tatum Partner,
Mantria Board of Directors
Mantria Board of Directors
April 8, 2012 - In its 28 page motion to dismiss, Tatum/SFN group is going with, "Don't blame us, we're just headhunters", in other words, we were paid great money for placing Rink and we cannot make any guarantee on the ethics or integrity for those we place.
It sounds like a good approach, except we know that Daniel Rink was a partner in Tatum LLC, as well as the fact there were other Tatum partners who worked at Mantria, Stephen Markert and Elizabeth Shuttleworth (Any others? Please let me know).
> > Read more.
It sounds like a good approach, except we know that Daniel Rink was a partner in Tatum LLC, as well as the fact there were other Tatum partners who worked at Mantria, Stephen Markert and Elizabeth Shuttleworth (Any others? Please let me know).
> > Read more.
Receiver Silent Again: No Promised Monthly Update
Why is the Mantria Receiver
so challenged by
communication?
so challenged by
communication?
April 1, 2012 - What does a Mantria victim have to do to get an update on the Mantria Receiver's activities and progress?
It was only 6 weeks ago when John Paul Anderson, of Alvarez and Marsal, the Receiver, created some excitement with the investors when he actually took the time (probably about 10 minutes) to send an email updating them on the progress, or lack of progress depending on how you look at it.
> > Read More
It was only 6 weeks ago when John Paul Anderson, of Alvarez and Marsal, the Receiver, created some excitement with the investors when he actually took the time (probably about 10 minutes) to send an email updating them on the progress, or lack of progress depending on how you look at it.
> > Read More
Receiver's Firm Extracted Record Fees from Lehman Brothers
March 24, 2012 - I never thought I would be writing so much about the Mantria Receivership run by John Paul Anderson of Alvarez and Marsal, but when something does not "smell right" it is worth investigating. As we have seen hundreds of thousands of dollars go to accountants and lawyers, which represents a high percentage of the "real assets", not the phony assets indicated by the Receiver listed on the balance sheet (get the man an accounting intern from a community college to help him understand why it is wrong), is there a game being played here that those outside the consulting world do not understand? > > Read more.
Mantria Victims: YourVibe.com May Be Your Last Hope
Wragg & Knorr in
ICEBloc music video
ICEBloc music video
March 19, 2012 - The victims are pinning their hopes on the Mantria Receiver and his litigation against the "gatekeepers", but I am not as hopeful that this Receiver is the right person to get this job done, as demonstrated by his work these last 2 years (read this, this, this, this and this) . In my opinion, we should expect very little from the litigation, but what if the Ponzi defendants can pay the restitution outlined in the motion for final judgment? I don't expect much from Wayde McKelvy and Donna McKelvy, but how about the nearly $40 million from Troy Wragg and Amanda Knorr? Is YourVibe.com the answer?
> > Read more.
> > Read more.
Receivership Balance Sheet: Enron Would Be Proud
March 14, 2012 - This is not a good-looking balance sheet. Actually, it is not really a balance sheet, it is more of a wishing well. You see, a balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time. Not a future point in time, but at the date listed on the balance sheet. In this case, the Receiver put together a balance sheet for the date December 31, 2011 and should be listing the assets, liabilities and capital on that date. Instead, a document was put together that would make Enron and WorldCom accountants proud, but, at least, these companies would bury the nonsense in a footnote. Here, we don't even get a footnote.
Below this post is a copy of the balance sheet distributed by the Mantria Receiver, John Paul Anderson, and you'll understand why this is wrong and misleading. > > Read More.
Below this post is a copy of the balance sheet distributed by the Mantria Receiver, John Paul Anderson, and you'll understand why this is wrong and misleading. > > Read More.
Motion for Final Judgment Against Mantria Ponzi Schemers
February 25, 2012 - The SEC has filed a motion for final judgment against Troy Wragg, Amanda Knorr, Wayde McKelvy and Donna McKelvy. According to this document, "Defendants Troy B. Wragg and Amanda E. Knorr oppose this motion. Defendant Donna M. McKelvy does not oppose this motion, though she wishes for the smallest monetary judgment possible against her. Wayde M. McKelvy did not respond." Not much of a surprise. > > Read more.
Small Victory for Mantria Ponzi Victims
February 25, 2012 - Though not a monetary victory, the victims of the Mantria Ponzi scheme now have a Receiver that is making an attempt to communicate. The Receiver's web site now has updated court documents and FAQs and he wrote on his site that the victims can expect monthly updates. This blog has been critical of the Receiver's lack of communication (none for 17 months), poorly managed web site (last updated Oct. 2010), high fees and slow progress in his nearly 2 years as Receiver (read this, this, this and this), maybe John Paul Anderson and the principals at Alvarez and Marsal are readers, and will continue to report the progress in this case. > > Read more.
Donna McKelvy Comments on Article About Her
February 22, 2012 - Back on January 28, 2012 an article was written about Donna and her work activities, and Donna wrote a comment on this article. It is worth a read, go to this link and scroll to the comments at the bottom of the page.
Read Comment.
Read Comment.
Wragg Afraid of 70 year old,"Blind Afghanis" & "Ballers"
February 16, 2012 - This is not a new story, it is from Troy Wragg's March 22, 2010 Declaration and gives us a view inside of Wragg's world where he lived in fear. In his Declaration, you'll learn about how he feared 70-year old Robert Steele, assassins known as "Blind Afghanis" and "ballers".
Robert Steele and Joey Danielle owned property that was to be the Mantria/Carbon Diversion Eco-Industrial Park in Hohenwald, Tennessee. This was to be the second biochar plant after Dunlap and many say Hohenwald would have been.... > > Read More.
Robert Steele and Joey Danielle owned property that was to be the Mantria/Carbon Diversion Eco-Industrial Park in Hohenwald, Tennessee. This was to be the second biochar plant after Dunlap and many say Hohenwald would have been.... > > Read More.
Study Suggests 23 Year Prison Sentence
How many years?
January 22, 2012 - While the Mantria Ponzi scheme appears to be the slowest case to be prosecuted in the history of Ponzi schemes (796 days since the SEC took civil action and five months since being ruled a Ponzi scheme), we can look to other Ponzi schemes to see what to expect in the criminal prosecution phase.
The FBI has been quite active over these more than two years and sources report they continue to interview Mantria executives... > > Read more
The FBI has been quite active over these more than two years and sources report they continue to interview Mantria executives... > > Read more
The Biochar Fraud: The Technology, Pitch & Offering
February 5, 2012 - It's just charcoal. Yes, biochar is simply biomass-derived charcoal and it has been made since ancient times, and in many countries millions of pounds are produced each year for the purpose of cooking. Charcoal is produced through a process called pyrolysis, usually slow pyrolysis, and Mantria called its process "Advanced Pressurized Partially Pyrolytic Gasification" - it makes 80 year old pyrolysis sound much more exciting.
Did Mantria and Carbon Diversion have a way to improve the old process, create charcoal at a lower cost or produce a new product that would grow a lot more food for regions of the world? Below, I outline a case against Mantria, Carbon Diversion, Troy Wragg, Amanda Knorr, Wayde McKelvy and Donna McKelvy. A criminal case is a no-brainer, so what is taking so long? > > Read more & see actual pitch.
**Related: See biochar brochure
Did Mantria and Carbon Diversion have a way to improve the old process, create charcoal at a lower cost or produce a new product that would grow a lot more food for regions of the world? Below, I outline a case against Mantria, Carbon Diversion, Troy Wragg, Amanda Knorr, Wayde McKelvy and Donna McKelvy. A criminal case is a no-brainer, so what is taking so long? > > Read more & see actual pitch.
**Related: See biochar brochure
Mantria Receiver: Why the Silent Treatment?
All about $$$?
February 1, 2012 - Where can the approximately 500 investors, creditors and employees that have been impacted by the Mantria Ponzi scheme turn when they wish to find information about how the Receiver is progressing? That's easy, just go to mantriaspeedofwealthreceivership.com, right? Ha! Ha! I know, very funny, you say. You've been there and have found that the site has not been updated since October 2010, 16 months ago. > > Read more.
Wragg Predicted SEC Shutdown 11 Months Before Freeze
Amanda Knorr
& Troy Wragg
& Troy Wragg
January 19, 2012 - In Troy Wragg's grandiose, showman style, he outlined Mantria Corporation's strategic vision and focus in January 2009 (11 months before SEC shutdown) in a document titled, The 2009 State of Mantria Address. In this document, Wragg recognized the SEC could shutdown Speed of Wealth and, therefore, Mantria's funds to operate.
> > Read more.
> > Read more.
CFO Daniel Rink Presented to Investors, No Charges
Daniel J. Rink
January 15, 2012 - From the beginning, Mantria investors were shocked when Mantria CFO Daniel J. Rink was not included in the SEC civil action against Mantria. Daniel Rink was the most senior financial executive at the company, a member of the Board of Directors and was one of the three members of the Mantria Executive Committee, along with Troy Wragg and Amanda Knorr. When questioned about why Rink was not part of the case, SEC attorney Thomas Krysa told a group of investors at the Federal Courthouse in Denver the reason was Mr. Rink did not present to prospective investors, though puzzled investors ... > > Read more
Taking Risks, Acting Morally Part of Mantria's Ideals
January 13, 2012 - In a recently submitted document titled, “The Mantria Way”, Troy Wragg outlined the vision of his company and offered 17 ideals. According to a Mantria press release from April 2009, “The Mantria Way” was hung throughout the offices and included on Mantria’s now defunct website. Troy Wragg created this code of ethics on November 20, 2006 and almost 3 years to the day later the SEC would shut down Mantria for "running a Ponzi-like scheme".
> > Read more
> > Read more
Was Troy Wragg Correct, Did the SEC Jump the Gun?
January 10, 2012 - Did the SEC jump the gun? This is a good question to ask now that we are 26 months after the SEC’s action of freezing the assets of Mantria and Speed of Wealth and 5 months after the ruling in the SEC’s civil case found that Mantria had scammed more than $54.5 million “by egregiously, recklessly, knowingly, and shamelessly perpetrating a fraudulent scheme” that used... > > Read more and comment.
J. Keys Rejoins Troy Wragg & Amanda Knorr in New Business
December 31, 2011 - J. Keys was the frontman for Mantria investment ICEBloc, a rap group. J.Keys, Wragg and Knorr appear to be now involved in a new business and sources say they have successfully raised money for a music-related social media site. By the way the I.C.E. in ICEBloc stands for Infinite Cash Entertainment.
> > View and comment on the ICEBloc video featuring Wragg and Knorr.
> > View and comment on the ICEBloc video featuring Wragg and Knorr.
Stanford Law: Investors Class Action Against Mantria
Summary: According to a complaint filed, the defendants committed acts to assist a now defunct company in its Ponzi scheme, thereby violating federal, Pennsylvania, and Colorado securities Laws. Defendants are companies, law firms, accounting firms, and individuals that committed acts to assist the Company in the Ponzi Scheme.
> > Read more and comment here.
> > Read more and comment here.
Lawsuit: Mantria Receiver v. Gatekeepers
November 16, 2011 - The receiver for Mantria Corporation filed a complaint and jury demand against the Mantria CFO, Controller and Chief Legal Officer, along with affiliated firms.
> > Read more and comment here.
Lawsuit: Mantria Investors v. Gatekeepers
November 15, 2011 - A class action has been initiated with a lawsuit to recover its investments into Mantria and allows other investors to join. > > Read more and comment here.
Judge Declares Mantria A ‘Smoke And Mirrors’ Ponzi
Aug 5, 2011 - Using direct, no-nonsense language, U.S. District Judge Christine M. Arguello has ruled Mantria Corp. a Ponzi scheme that operated with “sociopathic greed” to defraud investors of millions of dollars.
> > Read more and comment here.
Denver's 5280 Magazine About Mantria Ponzi Scheme
July 2011 - Interesting article by reporter James Carlson about the the Denver-based money raiser, Wayde McKelvy, for the Mantria Ponzi Scheme.
> > Read more and comment here.
SEC Charges Promoters of "Green" Investments With Operating $30 Million Ponzi Scheme
November 16, 2009 - The Securities and Exchange Commission today charged four individuals and two companies involved in perpetrating a $30 million Ponzi scheme in which they persuaded more than 300 investors nationwide to participate in purported environmentally-friendly investment opportunities. > > Read more and comment here.
Read More Mantria News and Comment Here
Stories from Before the Scheme was Uncovered
Mantria Industries Opens World’s Largest BioChar Plant. 8/3/2009
President Bill Clinton and Secretary of State Hillary Clinton Close Fifth Annual Meeting of the Clinton Global Initiative. 9/25/09
A New Climate Change Mitigation Tool 7/10/09
Mantria Opens 30,000 Sq Ft, 24/7 BioChar Order Fulfillment Center 7/7/09
Mantria, CDI develop commercial biochar plant 6/11/09
Mantria Industries & Carbon Diversion Release BioChar Specs 3/23/09
Mantria Introduces Mantria Spread the Wealth Campaign 3/23/09
Criminal Charges Counter
Press Kit Now Available
Please forward a link to the Press Kit to anyone and everyone in the media. Press Kit Link.
Receiver Communication
Quote from the Federal Judge
August 5, 2011 - The judge found that Mantria had scammed more than $54.5 million “by egregiously, recklessly, knowingly, and shamelessly perpetrating a fraudulent scheme” that used “misrepresentations, omissions, and blatant lies to induce unsuspecting and unwitting victim investors to liquidate the equity in their homes and take out bank loans to invest in Defendants’ scheme, which was nothing more than smoke and mirrors.” Read ruling here.
Most Popular
Good Reads
Most Commented
Most Read: April 2013.
Most Read: March 2013.
Most Read: February 2013
**See all Most Read by month
Most Commented
- Count the Lies: New Wragg & McKelvy Capital Raising Video (27 comments)
- Mantria: The Forgotten Ponzi Scheme
- Victims: YourVibe.com May Be Your Last Hope
Most Read: April 2013.
- Janitor to Ponzi President to Waitress
- Daniel Rink Ready to Settle with Mantria Receiver
- Tatum Attempts to Delay Investors' Class Action
- Last time you heard from Mantria Receiver
- Latest with CFO Dan Rink Settlement
Most Read: March 2013.
Most Read: February 2013
- Most Read: February 2013
Receiver's Incompetence Causes Judge to Cancel Trial - New Trial Date Set & You Will Not Like the Date
- Mantria Receiver is Keeping his Spending a Secret
- Mantria.Weebly Post Awakens Mantria Receiver, He Emails
- The Dunlap Biochar Plant Then & Now
- Did You Buy Land from Mantria? A Story You Must Read
- Troy Wragg and Amanda Knorr on Instagram
**See all Most Read by month
Recent Ponzi Convictions
Mantria Introduction Video
Here is a video used to gain investment and to promote the waste-conversion technology. The stars of this video include Troy Wragg (Chairman and CEO - Mantria Corp) and Amanda Knorr (COO & President - Mantria Corp), John Seaner and Cary Widener. Comment on video here.
Receive Email Updates
Now you can sign-up for email updates. Updates will be sent once per week, unless there is something worthy of your immediate attention. Signup Form
Assist FBI with Mantria Ponzi
FBI agents overrseeing the investigation:
- Special Agent Hukill
- Special Agent Elvig
Contact 8000 East 36th Ave, Denver CO 80238 or 303-629-7171.
- Special Agent Hukill
- Special Agent Elvig
Contact 8000 East 36th Ave, Denver CO 80238 or 303-629-7171.
Write an Article/Share
Do you have something to say? Are you a victim of the scheme? Share your experiences in an article and it will be posted here with your byline or anonymous to the public. Submit here.
Mantria Court Docs
Go to All Documents
- Mantria Officially Declared a Ponzi Scheme 8/5/2011
- SEC Order for Preliminary Junction, Asset Freeze & Other Equitable Relief - Nov 16, 2009
- Wragg Knorr Answer Complaint - 12/21/2009
- Hearing Transcript - February 22, 2010
- Troy Wragg Ponzi Scheme Affidavit
- Wayde McKelvy Ponzi Scheme Affidavit
- 2009.12.21 Answer of Mantria Corporation, Troy Wragg, and Amanda Knorr to Complaint
- Declaration of SEC Attorney Allison Herren Lee
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T-Shirt Given To Investors
At the ribbon-cutting for the Mantria/Carbon Diversion Inc. Biochar Plant in Tennessee on August 1, 2009, Mantria gave the below t-shirt to Mantria investors. Was this a message to the investors about what would be uncovered 3 months later?
Mantria Meets World Leaders
Troy Wragg and Amanda Knorr met with world leaders, celebrities and business executives to sell waste-to-energy systems and the products of the process. Read more and comment here.
John Seaner Pennsylvania
Cary Widener Pennsylvania
Cary Widener Pennsylvania
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