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Tennessee Investiating Tilley

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  • Sterling D. Allan
    http://www.greaterthings.com/News/Tilley/fraud/030304_TNSEC.htm State of Tennessee Commencing Probe on Tilley March 4, 2003 Nashville, TN by Sterling D. Allan
    Message 1 of 1 , Mar 4, 2003
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      http://www.greaterthings.com/News/Tilley/fraud/030304_TNSEC.htm

      State of Tennessee Commencing Probe on Tilley

      March 4, 2003
      Nashville, TN

      by Sterling D. Allan

      Tennessee's Department of Commerce and Insurance (TDCI), the state equivalent of the Federal Securities and Exchange Commission (SEC), has assigned investigators and is commencing a full-scale investigation into the Tilley Foundation.

      Whistleblower, Walter Webb, a former board member of the Tilley Foundation, spent two hours today with three attorneys from the state's investigative office, including the chief investigator and the chief of enforcement.

      He provided them with documentation of various aspect of Tilley's fraudulent activities, as presented in previous reports by Greater Things News Service.

      In other related news, the investigative team from Channel 4 of Nashville is slated to air yet more coverage of the Tilley Foundation's fraudulent dealings.

      WSMV I-Team lead investigator, Nancy Amons, has received emails from all over the world as a result of their recent two-part series on Tilley.

      When asked why more insiders from the Tilley Foundation do not come forward, it was speculated that they are "scared to death of the Tilley secrecy agreement."  Tilley is quick to threaten a lawsuit.

      Another observer suggested: "Perhaps they are embarrassed to have been part of this scheme and don't want to admit it."

      PM Update

      More info on Tilley.  He has sold one of his vehicles.

      A security guard who drives Tilley around said that today he was "tying up some loose ends."

      [Getting ready to skip town?]


       
       
      Top Story  [Mar. 4, 2003]
      I-Team Investigates
      State investigating local inventor
      The state of Tennessee confirms it is looking into the case of a local inventor who was profiled last month in a Channel Four I-Team Investigation. The man is Carl Tilley from Lebanon and he says his device creates energy -- enough to power a car.
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      I-Team Investigates
      State investigating local inventor

      Energy inventor Carl Tilley
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      March 4, 2003

       The state of Tennessee confirms it is looking into the case of a local inventor who was profiled last month in a Channel Four I-Team Investigation. The man is Carl Tilley from Lebanon and he says his device creates energy -- enough to power a car.

       Carl Tilley sold more than half a million dollars worth of stock to investors saying his energy-producing invention was on the verge of selling for $2 billion. Two former associates of Tilley's say his claims are exaggerated.

       On Tuesday, they turned over paperwork to the Securities Division of the Department of Commerce and Insurance.

       "They have jurisdiction because of the sale of stock that we feel was an illegal sale of stock and they're going to conduct a complete investigation into the matter," said Walter Webb, Former Tilley

       "I hope they stop the man," said Robert Kibbey, Former Tilley

       Kibbey and Walter Webb say Tilley sold stock to more investors than he is allowed to under the law. Tilley told the I-Team last month his invention does work and that he is negotiating with several unnamed companies for its sale.


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