Fairness Hearing Complete: Investors, Enjoy Your Pro-Rata Share
July 26, 2014 - At the July 18, 2014 "Fairness Hearing", Judge Arguello ruled that the class action settlement is fair and the attorneys' fees are reasonable, even with many objections from investors.
Below are some key points with the full court document at the end of this post.
“If an opportunity seems too good to be true, it probably is.”
June 17, 2014 - In a quote to the Philadelphia Business Journal, “We’re pleased we were able to return some of the money lost but this presents a cautionary tale,” Patrick Howard said. “If an opportunity seems too good to be true, it probably is.”
The certified investors class includes more than 500 people who were promised between 17 percent to 22 percent at a time when the stock market was tanking in 2007 and 2008. Read the entire article at the Philadelphia Business Journal's website.
Philly.com Article on Mantria Settlement
June 6, 2014 - ot much new for regular readers of this blog, but does include a good summary about the Mantria Ponzi scheme and Wragg's latest venture. Read the article here.
By the way, the comments for the article at Philly.com are always an interesting read.
Wayde McKelvy Resurfaces
April 20, 2014 - It has been a long time since Wayde McKelvy has made an appearance in public using his real name, but now he appears on LinkedIn. After the uncovering of the Mantria Ponzi scheme, McKelvy used the name "Clint Brashman" to market his "services" and some of you may remember how 5280 Magazine described "The Brashman's" relationship and other pursuits.
New Video of Troy Wragg and Yourvibe.com
Settlement! $6 Million from Gatekeepers
February 15, 2014 - After more than 4 years since the Mantria Ponzi scheme was uncovered, the investors have a settlement with the Gatekeepers for $6.05M. Before you rush off and spend your 11 cents on the dollar, the Federal judge will need to approve the proposed settlement.
It is not clear how the legal battle ended between Mantria Receiver John Paul Anderson and the Investors' Class Action attorneys, so it is not known by this blogger how, if or any of the money will be distributed to the employees and creditors. >>Read more.
Finally, Receivership Close to an End: Fifteenth Quarterly Report
February 1, 2014 - Another $44,000 deducted from the Receivership last quarter to benefit the attorneys and administrators of Mantria. Now that the money is dwindling at a faster rate and moving closer to zero, the Receivership is trying to bring this farce to an end.
Receiver: Attorneys' Motions "Meritless", "Undermine", "Ploys"
November 10, 2013 - The Mantria Receiver appears to be baffled by the current set of motions that attorneys Patrick Howard et al are throwing at him. The Receiver was clear and to the point in his latest quarterly report as he described the motions presented by the attorneys for the putative class of investors.
Fourteenth Quarterly Report of the Receiver
November 9, 2013 - It took 9 months for the Receiver to communicate, but he did. The Mantria investors and former employees received a simple email with the Fourteen Quarterly Report of the Receiver attached. As the "advanced technology" of an email distribution list has been around for a very long time (>20 years), it is unclear why it has taken 3.5 years for this advancement to have been made by John Paul Anderson, but the Mantria victims are not complaining.
Receiver and Investors Continue to Fight Over Limited Funds
November 2, 2013 - As you all know, money for the victims will only come through litigation with the Gatekeepers and the limited funds available as cash on hand. The Ponzi Scheming Four (Troy Wragg, Amanda Knorr, Donna and Wayde McKelvy) are most likely never going to pay the SEC, so now the investors are going to fight over the limited dollars that remain.
Recent Video of Troy Wragg. Where is Amanda Knorr?
August 26, 2013 - In a video posted to his Facebook page, Troy "Yvonne" Wragg is featured beginning immediately at 0:08 and then at 3:08 where Wragg is on the roof of his home/office shouting, "Make some noise if you are excited to be here today." Later, he provides a welcome to shareholders of Yourvibe.com from the Chairman and CEO of the company. Amanda Knorr does not appear to be in the video, but maybe you can spot her.
Receiver's Thirteenth Quarterly Report
August 8, 2013 - While the Mantria Receiver, John Paul Anderson, chooses not to communicate with the victims through email or by updating his website, as it has been 6 months since his last email and 15 months since his last website update, Anderson is required by the court to provide a written update every three months.
Wragg Gives Business Advice and Other Wraggisms
June 1, 2013 - Good humor is difficult to find these days, but Ponzi schemer Troy Wragg is making it easy. While Federal Judge Arguello found Wragg and his gang (Amanda Knorr and the McKelvys) scammed more than $54.5 million “by egregiously, recklessly, knowingly, and shamelessly perpetrating a fraudulent scheme”, Troy Wragg believes he is an incredible businessman and should be giving business advice to his followers.
5280 Magazine Update on Mantria Ponzi Scheme
February 25, 2013 - An update appeared today on 5280.com. Here it is: "In June 2011, we revealed how a Denver man helped fleece investors out of tens of millions of dollars in "The Biggest Green Scam in America." The story investigated Wayde McKelvy, a lifelong pitchman and the rainmaker for Mantria, a Philadelphia company purportedly specializing in alternative energy. But according to a 2009 SEC lawsuit, the company was little more than a sloppily run Ponzi scheme. >>Read more.
Update: Dunlap Biochar Plant Then and Now
February 21, 2013 - Update to Dunlap Biochar Plant Then and Now
A reader did some research and has some great info regarding the Dunlap biochar plant real estate transaction. Their response is below in its entirety:
"Mantria purchased 4,456 acres from Bowater Paper Co. for $5.906 million on May 30, 2008. Within this large tract Mantria carved out 10.44 acres for ...>>Read more.
The Dunlap Biochar Plant Then & Now
"M" is for Money
February 16, 2013 - The biochar plant consisted of 10 acres of land in Dunlap, Tennessee that was part of a $5.9M land purchase and many more millions were wasted on building a sham of a biomass plant with its sole purpose of continuing to defraud investors.
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.
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 Read: May 2013
Most Read: April 2013.
Most Read: March 2013.
Most Read: February 2013
**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) 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.
Mantria Court Docs
Go to All Documents
Share this Site: