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Tilley Investors Asked to Be Taken for A Ride

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  • Sterling D. Allan
    http://www.greaterthings.com/News/Tilley/fraud/030201_shameful_shareholders.htm ... You are here: GreaterThings.com News Tilley Coverage Commentary
    Message 1 of 1 , Feb 1, 2003
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      href="http://www.greaterthings.com/News/Tilley/fraud/index.html">Fraud Claims > Press Release, Feb. 1, 2003

      Tilley Investors Asked to Be Taken for A Ride

      Claimant to hot technology that can produce endless power is driven by greed and picks up those of like passion along the way.

      "For our purposes, we want to sell it, get our big bucks..."

      -- Carl B. Tilley (view clip)*

      See also: Index of Documentation of Tilley Fraud

      By Sterling D. Allan
      Copyright © GreaterThings News Service
      Feb. 1, 2003

      Background:

      Since December of 2001, Carl Tilley has been gathering stockholders in a technology he claims to be his, but which he stole from another inventor, and for which he is seeking an outright sale for billions of dollars, because it is supposed to be able to provide endless power output with no input.  The following article is another in a series exposing this fraud.

      I just finished watching the entire unedited video tape recording (complete with family outings and Easter egg hunts) that Walter Webb sent me of various developments in the Tilley Foundation, from Jan. 2002 through the first stockholders meeting on May 4, 2002.

      My opinion is that if people are going to line up behind this guy, Carl Tilley, considering some of the statements he made to them, they deserve to loose their money.

      The guy admits to being in it for the money, and not for the betterment of humanity. He would even sell the technology to an entity that would shelve it and never bring it to market, as long as he got a good wad of cash in the transaction. He boasted as much in front of the stockholders in their first meeting, and they laughed and applauded at this admission (full statements below).

      Based on that, it seems quite apparent that the people who have been attracted to Tilley share to at least some extent the same kind of unethical motivation. It wont hurt my feelings at all to see them tumble with Tilley when his scam is proven in a court of law -- a process that is currently under way. They all deserve what they got (thought many of them don't yet realize they've been taken for a ride, and not just in the electric DeLorean). Chances are, he will skip town before this happens, as he has done before in previous scams he has run, leaving them with the bag.

      If there is any among them who has enough sense and courage, they should immediately gather together the evidence, take it before a judge, and get Tilley behind bars before he gets a chance to skip town this time.

      Granted, some of the people that got sucked into this may have had a little more altruistic motives, and they were just flat out blind to Tilley's blatant attitude.

      Before I cite the statement that most disgusted me, I need to set a context.

      Early in the stockholder's meeting, almost right out of the gate, Tilley told those assembled that he had been given an offer to buy the technology outright for 2 billion dollars, "sight unseen." A little later, he added to that lie, saying that the Tilley Foundation had been given two weeks to respond to this offer.

      After a few minutes, someone asked him who had made the offer, and he said, "GE" (General Electric).

      Someone in the crowd wasn't quite buying the idea the GE would put up that much money "sight unseen," so they asked a question which spurred Tilley to amend his claim, explaining that GE has their sources and they have found out enough about the technology without having to have come officially in person.

      Later on, someone asked Tilley if this guy from GE that he spoke with was in a position of authority such that he could speak on behalf of the company. Tilley responded that the guy was "not the CFO" (a military term), but that he was "pretty near the top." And then a little later he interjected that he has spoken with him three times.

      I must stop and comment. I am not a trained professional in body language, but I must say that this guy's mannerisms probably would be prize material for a study in the mannerisms of a lying con artist. The lines/wrinkles in his face are probably classic portrayals for those who are able to read such and determine the person's personality traits and pressures in life. In the future, the video footage I watched tonight will probably be classroom material for those whose professional training in these areas. It might be labeled: "Classic facial lines and body movements of a con artist at work."

      Back to the stockholder's meeting.

      As the gravity of the 2 billion offer sank in, the overwhelming sentiment of the stockholders was, "Why do we even need to think about it. Let's pursue the offer. It's a no brainer." The return on their investment for that amount would be in the range of 2000-fold (estimate**). A $1,000 stock certificate would now be worth over one million dollars.

      Tilley then began to explain that they could be missing out on a much larger offer that could yet come along. "The car alone is worth 10 billion," he said. He also spoke about a group from Brazil that was supposed to be coming in the next week or two to stay for 10 days; and that they were considering buying it for 5 billion, but he had upped it to 5.6 billion "because they made me mad," Tilley said.

      Why did they do to make him mad?

      They came all the way from Brazil in an earlier visit, saw a demonstration, did not want to believe Tilley's instruments and insisted on going and buying their own instruments. "That ticked me off," he said, "so I added 0.6 billion."

      After getting their own instruments, and seeing a total of four hours of the demonstration, they looked at each other, realized that what they were seeing was not what Tilley claimed, and they went back to Brazil.

      Well, in this May 4 stockholder's meeting, Tilley now says that the Brazilians are coming back; and this time, "we're asking for one third up before they even come in here -- in an escrow -- and if it does the ten day trial, we get that money. And then, before they see what's in the box, they give us the rest of it. And once that's done, and they give us the money, we'll show them what's in the box."

      Can you believe that? He is expecting them to pay the full 5.6 billion before they even see the inner workings of the device.

      Now catch this statement that comes next on the video tape: "The deal is: they don't get to look in the box, they don't get to test anything with meters, they just have to sit here and watch it run for 10 days."

      What logically thinking person could possibly get behind a man who makes such ridiculous demands? What entity with billions of dollars is going to plunk down that kind of money without first rigorously testing the device?

      Fine, put the money in escrow, payable upon the fulfillment of pre-determined criterion -- but to require them to pay before they see? Who is this guy?

      But that is not the worst of it.

      No wonder the Attorney, Zack Griffith, who is a shareholder and voted that day to be on the board (he was not the Corporate attorney), interjected two or three times during the course of the meeting: "This is a high risk venture. Either you can make a lot of money, or you could make nothing. You should not be investing in this if you cannot afford to loose your money."

      Then came the time for the big demo: to switch the power over to run off the device. The switch was pulled, and the lights flashed on; then Walter Webb reminded Tilley that he needed to turn the machine on.

      That is actually not a huge gaffe, because they all knew the device runs on batteries, and also supposedly keeps the batteries topped off. This technology was actually stolen from Robert Kibbey, but that is another story (pending).

      The technology is actually very good, and enables far more efficient use of power; but it is not endless as Tilley claims.

      But here is Tilley on the video footage, telling the shareholders that the device is capable of running the entire shop, or a home, endlessly. Yet just the week before he had been dragging an extension cord to the building to "top off" the batteries with a battery charger, using the power from his home, as witnessed in the open by co-founder Walter Webb, who for the time bought the excuse Tilley made the first time he was caught doing this.

      Then came the statement that sent chills down my spine.

      Tilley tells his stockholders: "I guarantee you, if GE gets it [buys the technology], you'll never see it on the market."

      Another person immediately interjects, "Yea, they'll shelve it." (Playing on the idea that the huge existing corporations whose technology becomes obsolete because of such an invention, would seek to thwart it, even to the point of paying such a high price.)

      I had to stop the tape, and play that again to make sure I heard it right. I played it again and again to make sure I had transcribed it correctly, while thinking to myself, "Why in the world would you even consider for a moment an offer from anyone if you believed they would shelve it?"

      It reminds me of the story of King Solomon and the baby dispute. This technology is not Tilley's baby.

      Compare that to the statement by Steven Greer on Coast to Coast radio Thursday night, Jan. 30, in which he was saying he would take a bullet before letting someone interfere with the technology, and there couldn't be enough zeros behind the dollar value to buy him out to shelve the technology he is involved with bringing forward, that he claims does produce endless power -- and I sincerely hope he is for real. Bravo for the Steven Greer's of the world. In comparison they make Tilley look all the darker.

      After claiming GE would shelve the technology, Tilley then goes on to say: "At one time I was environmentally correct enough to say I'm not going to let that happen. Well, let me tell you something, when they start talking billions of dollars [intelligible(something about ethics, I presume)] can go to hell."

      Immediately, the stockholders break out in laughter -- and what 's worse, they begin to applaud Tilley.

      That was when I lost all sympathy for those stock holders. They are getting what they disserve by giving of their time and money to one such as Carl Tilley who is not just a liar and a thief, but who openly admits to having no compunction against buying out for money with no regard for humanity.

      Shame, shame on them.

      Tilley then said, "They can cut down all the trees they want."

      I was getting sick to my stomach at this point.

      Griffith then reiterated his caution about this being a risky venture.

      Incidentally, no one took Tilley up on his offer to buy back their stock "by Friday" after the stockholders' meeting, the deadline that was set for anyone who might be having buyer's remorse. They were all seeing green, and it wasn't the environment green they had in mind. Before the meeting, there had been a great deal of malcontent because the materializing of a buyer of the technology had already been far delayed from what they had been told previously to expect.

      Tilley's own words from earlier in the stockholders meeting drive the nail in these people's investment coffin. "We're not in the business of manufacturing and selling this stuff. We don't want to go out and build factories to build this junk."

      He then realized the word he used and quickly added, "I mean it's a wonderful invention, I'm sorry."

      "We don't want the liability, we don't need the liability. It's a headache."

      He should be sorry.

      He has stolen a very legitimate device that belongs to another inventor, who can prove his claim in it, and he has exaggerated its capabilities and bilked a bunch of suckers out of their money, having no regard for blessing humanity but only greedy after the idea of becoming filthy rich.

      May the Tilley Foundation be known for what it is. It is a con job of the darkest hue, and the scam would not be possible if it were not for people who allowed such a man, with such openly malignant motivations, to lead them along.

      Rather than end this article on that note, I would like to refer to a video clip from January 2002, mentioned at the beginning of this article. Tilley is addressing a group of potential stock purchasers, and he says, "For our purposes, we want to sell it, get our big bucks, go on to the car, and if we don't . . ."

      At that point, someone interrupts from the onlookers in a loud and very distinct voice, as if in righteous rebuke, saying, "Go to the light."

      It is really quite something. My guess would be that whoever said that did not buy stock.

      That is my invitation to Carl Tilley and his stockholders.

      Go to the light.

      Endnotes:

      *I hope Walt Webb (who resigned from the board a month after the May 4 stockholders meeting), who provided me with this video footage, will be okay with me letting you see this one clip, though he requested that I hold back on all the clips until after a major interest comes forward with their story in a few days. I'll be contacting him tomorrow (it is too late at night now) to see if he is okay with this.

      **Investment return estimate based on the following parameters (of which I am not expert in calculating)
      $1,000 per share x 1000 [?] total shares = $1 million in stock value.
      20% is supposed to stay with corporation, the rest going to stockholders.
      The 1000 shares estimate is based on the fact that had Tilley given Webb the 100 shares he owed him, Tilley would have lost the controlling interest in the company because Webb had already brought in $401,000 worth of stock.

      See also

       

       
       
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