While the Mantria Ponzi scheme should have its own page, as well as its leadership (any volunteers to get these pages started?), the Mantria Ponzi scheme is listed on the site at the following link. Here is an excerpt that mentions Mantria:
- On November 16, 2009, the SEC charged four individuals and two companies for perpetrating a Ponzi scheme to defraud over 300 investors of $30 million. Pennsylvania-based Mantria Corporation, run by executives Troy Wragg and Amanda Knorr, supposedly focused on green initiatives such as a "carbon negative" housing community in Tennessee and an organic waste-derived "biochar" charcoal substitute production plant. Between September 2007 through November 2009, Mantria Corporation raised funds through Denver-based Speed of Wealth LLC, run by Wayde and Donna McKelvy. The SEC alleged that Mantria and Speed of Wealth exaggerated the scope and success of Mantria's operations. Subsequent charges estimate Mantria and Speed of Wealth raised $54 million, of which they paid $17.5 million to investors, using investors' own funds to pay those returns.[69][70][71][72]
- Source: Wikipedia
RSS Feed