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To: drdoug2 who wrote (7563)9/16/2022 2:44:44 PM
From: TEDennis
   of 7575
 
drdoug2: Kudos for speaking your mind.

It's too bad none of the other former vocal supporters has the gonads to admit they were wrong.

No surprise, really.

They hid behind aliases on stock forums while they denigrated (and threatened) those nasty "Paid Bashers" (LOL !!!) while they sang praises of the company, its management, and its technology. All of which didn't come anywhere near meeting expectations.

Investors and the "true believers" were violated, IMO, by some very unethical characters. Maybe that should say "unscrupulous" characters? Or maybe simplify it to being just some very naughty people.

Update on Matthew Shepard's situation ... well, ONE of his legal problems. I won't delve into that "other" situation.

The deadline for an appeal of the Summary Judgment issued against him has past. So, he is now required to pay back approximately $170,000 of his ill-gotten gains from his involvement in IAS/RaPower3.

It's unlikely he has that kind of cash just laying around somewhere, so he needs a white knight to save his behind.

Or, perhaps a garnishment of future income will be demanded by the Receiver.

Or, Matt could file bankruptcy.

In any case, the future is dim for Matt. For his family, too.

And, oh BTW, the underlying cause of the Summary Judgment against him was a "massive fraud" (as ruled by Judge Nuffer). As I understand it, bankruptcy doesn't eliminate court judgments for fraud cases.

Ouch.

Sure is a pretty day,

TED

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To: TEDennis who wrote (7501)9/17/2022 5:09:15 PM
From: TEDennis
   of 7575
 
It has been about 18 months since I provided info on "back2normal.tech". I wondered how the company was doing. So I poked around a bit into various locations.

"Dr. Greg Shepard" was a spokesman for the company/product. See the post I am responding to.

Alas, the back2normal.tech website no longer exists, and the company is not registered in Utah.

Apparently another business failure.

Sigh ...

OK, so what's next on the Greg and/or Matt Shepard agenda?

Maybe nothing. Any income earned by them might already be pre-destined to go to the IRS/DOJ, so why bother working if you don't get to keep it.

**********
"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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From: TEDennis9/24/2022 1:34:05 PM
   of 7575
 
Solar Power Breakthrough !!!!

The plant will be located in Southern California. IAUS expects to complete construction of the solar power plant during the first quarter 2006.

The above quote came from a Press Release issued by IAS on Sept 29, 2005.

Almost SEVENTEEN years ago.

Moving right along.

iausenergy.com

**********

According to that Press Release they were going to "complete construction" of a solar power plant with "new patented and patent-pending solar technology" in less than six months.

Yeah, right.

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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From: TEDennis10/18/2022 8:28:15 PM
   of 7575
 
Uh-oh ...

Sorry, guys ...

I haven't been paying attention to this circus lately.

I'm late on announcing the anniversary of the ruling by Judge Nuffer that this was a "massive fraud".

Filing date for DOJ's lawsuit: Nov 23, 2015.

Date the case was terminated with a "massive fraud" ruling: Oct 4, 2018 -- Almost THREE YEARS LATER

Date of the most recent filing: Oct 4, 2022 -- Exactly FOUR YEARS LATER

That filing was the Court-appointed Receiver's (Wayne Klein) SIXTEENTH quarterly status report.

Was it just a coincidence that the date of his filing was exactly FOUR YEARS since the case was terminated?

Or, was the Receiver just having a little fun?

If you haven't read his report yet, you should.

There are still a few die-hard appeals underway, and several Receiver-Filed lawsuits remain to be settled.

And there are a bunch of Tax Court cases in limbo. Do those petitioners still believe they will win their cases, or are they just delaying the inevitable ... meaning pay back their tax credit and depreciation benefits they claimed?

Of course, it ain't over 'til it's over,

Maybe a miracle will happen and they will slide by unscathed.

Extremely doubtful, but it could happen.

Is interest being compounded daily on those outstanding balances?

I wonder why none of the hundreds of "true believers" who got screwed out of hundreds, thousands, tens of thousands, or even HUNDREDS of thousands of dollars, have come on here to air their grievances to the public?

How many of Shepard's friends who he convinced to buy lenses still call him a friend?

How many people had their financial lives ruined, or at least severely disrupted, as a result of believing in a tax related opportunity that sounded "too good to be true"?

It certainly sounded "too good to be true" to folks who took the time to actually THINK about the deal, instead of just believing what the perpetrators were promoting.

Did you know that at least one, and maybe more, of the buyers claimed that he thought the deal sounded "too good to be true" and that the technology "looked like a bunch of junk"?

Yet he continued buying.

Wow.

I wonder what flavor Kool-aid was served?

**********

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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From: TEDennis11/5/2022 2:32:56 PM
   of 7575
 
It has been an interesting few days in the courts system.

If you have been waiting patiently for the upcoming week of Thanksgiving to attend the CRIMINAL trial for Neldon and Glenda Johnson ...

Don't get in line in front of the courthouse quite yet. You're going to have to wait a while longer.

That trial has been postponed until Jan 30, 2023. Next year.

One of the stated reason(s) for that delay, as it says in a recent filing is:

Defendants are currently negotiating with the Government in an attempt to resolve this matter without a trial. The parties need some additional time to complete these negotiations.

Resolve the matter out of court, without a trial? What a concept !!

I'm curious what is being negotiated. The Johnson's "Contempt of Court" actions are pretty clear cut and well documented, so it's almost fershure they will lose if they go to court.

The indictment was filed against them back on Dec 8, 2021. Almost a year ago.

Case 2:21-cr-00513

Sure is a pretty day.

TED

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From: TEDennis11/5/2022 3:13:08 PM
   of 7575
 
More court related news ...

Preston and Elizabeth Olsen filed a US Tax Court petition back on Sept 28, 2016. Over SIX YEARS ago.

dawson.ustaxcourt.gov

That case became the "test case" for 200 or so other taxpayers who petitioned the Tax Court after their tax credit and depreciation claims were denied by the IRS. Their cases were placed on hold while the Olsen's case was being decided.

Judge Lauber sided with the IRS and ruled against the Petitioners on June 1, 2021. Over ONE YEAR ago, and almost FIVE YEARS following the filing of the Olsen's Petition.

The Petitioners appealed Judge Lauber's ruling on Sept 7, 2021. Also over ONE YEAR ago.

Case 21-9005

A panel of three judges affirmed Judge Lauber's ruling on Nov 4, 2022 (Yesterday), which means there have now been FOUR judges who ruled against the Petitioners. And, let's not forget that it was the IRS that initially disallowed the tax credit and depreciation benefits the Petitioners claimed on their tax returns.

The Appeals Court judges dismissed the case, saying it was "Terminated on the merits after oral hearing".

Not much room for second-guessing.

Those other 200 or so petitioners should know now, or will know soon, that they will be on the hook for repaying those benefits they received over a period of years for being involved in a promotion that sounded "too good to be true".

Some of the those Tax Court petitioners were "enthusiastic" forum members (on Raging Bull, Yahoo, Investors Hub, and Silicon Investor). Those folks repeatedly denigrated those nasty "Paid Bashers" who were posting FACTS and not HYPE. Hey you gullible folks ... are you ready to admit you were wrong?

I won't mention your name here, but you know who you are. And so do your fellow posters.

I will resist the temptation to say "TOLD YA SO" !!!

That reminds me of my old RB posting opponent "goodbet".

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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To: TEDennis who wrote (7569)11/6/2022 8:56:49 AM
From: dustydent2
   of 7575
 
Thanks for the update. No doubt that the 'pumpers' were actually dupes. Speaking of "goodbet", I always called him "badpump".Too bad he just didn't listen to the "paid bashers".

I always asked those pesky pumpers, who would have to get paid to bash a scam? Besides, who would we would have been paid by...? Things that bewilder folks... Go figure...

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From: TEDennis11/19/2022 12:42:38 PM
   of 7575
 
*** Significant Move !!! ***

*** Letter of Intent ***

In a significant move for the renewable energy industry, International Automated Systems, Inc. (IAUS.OB) has signed a letter of intent to license its patent-pending "bladeless" Propulsion Turbine to The Hydrogen Renewable Energy Enterprise, LLC, (THREE) a Hawaiian-based company that develops projects to convert renewable energies into electricity.

That Press Release was published by IAS on Nov 18, 2001.

TWENTY ONE YEARS AGO

Significant Move

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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From: TEDennis11/23/2022 1:22:47 PM
   of 7575
 
Nov 23, 2015 -- The Department of Justice published the following news item ...

Justice Department Asks Federal Court to Shut Down Utah Promoters of Solar Energy Tax Fraud Scheme

iausenergy.com

That was SEVEN YEARS AGO.

Yet, there are STILL some lawsuits remaining unresolved that were filed by the Court appointed Receiver against people who benefited from their involvement in what Judge David Nuffer declared to be a "massive fraud".

And, there are STILL hundreds of taxpayers who haven't paid back their invalidly claimed tax credits and deductions, even though the US Tax Court "test case" was decided against the taxpayers and in favor of the IRS ... after which an appeal by the "test case" taxpayers failed to overturn the ruling.

Will there ever be an end to this fiasco?

Several of the judgments against people who benefited from this fiasco have been turned over to the Federal Government for collection processing. That includes Matthew Shepard's case of well over $100,000.

Chris Taylor and Curtis Snow's cases are scheduled for court on Jan 9, 2023. Six weeks from now.

Neldon and Glenda Johnson's *criminal* contempt of court cases are scheduled for Jan 30, 2023.

Moving right along.

Moving slowly, but still moving.

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

TED

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From: TEDennis12/10/2022 6:58:27 PM
   of 7575
 
To commemorate the 3rd anniversary of Matt Shepard's arrest for *criminal solicitation*, the court docs for the "massive fraud" case against IAS, RaPower3, Neldon Johnson, Greg Shepard, and Roger Freeborn have been updated and brought current as of today. Six more months of filings are now available for your viewing pleasure,

Go to IAUSenergy.com, select "Court Docs", then "2:15-cv-00828".

Of particular interest are the Receiver's "Status Reports" -- #s 1234, 1229, 1226, 1222

Also interesting are the Receiver's motions to turn over certain related cases to the Federal Government for collections. Those cases had already been decided in the Receiver's favor. #s 1238, 1233, 1214

Following is a quote from Doc #694, which is the transcript from a Contempt Hearing back on 5/28/2019. The speaker is Greg Shepard, the self-appointed "Chief Director of Operations" for RaPower3.

MR. SHEPARD: On the totality of the case. I have never been able to say this, but I am a thousand percent innocent and so the testimony would go to prove my thousand percent innocent.

Hey, Shepard ... are you still claiming to be a "thousand percent innocent'?

Inquiring minds want to know.

How many of those folks who purchased lenses then claimed the bogus tax credits on their tax returns think you are a "thousand percent innocent"?

Sure is a pretty day.

TED

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