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Alternate Energy Holdings Inc. Under Investor Investigation Over Possible Securities Laws Violations

  • If you purchased a large number of shares of Alternate Energy Holdings Inc. (PINK:AEHI), , including those investors who purchased pursuant to private placement memoranda, and/or if you have any information relating the investigation including but not limited to also whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Alternate Energy Holdings Inc.
Security
PINK: AEHI

Summary

After trading of Alternate Energy Holdings Inc. (PINK:AEHI) shares was temporally suspended an investigation on behalf of investors of Alternate Energy Holdings Inc. (Public, PINK:AEHI) concerning potential violations of Federal Securities Laws by Alternate Energy Holdings was announced.

The investigation on behalf of AEHI investors by a law firm concerns whether Alternate Energy Holdings, Inc. (Pink Sheets:AEHI) may have violated Federal Securities Laws by issuing false and misleading statements to investors about its business and its financial condition.
Share Alternate Energy Holdings Inc. traded until January 08 2010 at roughly $0.10 per share and jumped in the following months to $0.87 per share in October 2010. Up until Dec. 13 AEHI shares traded at $0.575 per share. Then on Dec. 15, Alternate Energy Holdings, Inc. (OTCQB:AEHI) announced that the U.S. Securities and Exchange Commission ('SEC'), on December 14, 2010, issued an order to temporarily suspend trading of Alternate Energy Holdings common stock through Dec. 28 because of questions that have been raised about the accuracy of certain publicly disseminated information regarding Alternate Energy Holdings.
On December 16, 2010, the SEC charged the company's top officers with fraudulently raising funds for a $10 billion nuclear power project. The SEC said it is seeking an emergency court order to freeze the assets of the company and the two executives.
The SEC alleges that Alternate Energy Holdings Inc. has raised millions of dollars from investors in Idaho and throughout the U.S. and Asia while fraudulently manipulating its stock price through misleading public statements that conceal the secret profits reaped by its CEO Donald L. Gillispie and Senior Vice President Jennifer Ransom.
The SEC says it has obtained records that Gillispie and Ransom secretly unloaded stock holdings and funneled the money back to Gillispie. The SECs complaint among other things alleges that Alternate Energy Holdings Inc reported to the SEC and investors that Gillispies compensation was $133,000. However, Gillispie has actually reaped approximately six times that amount in 2010 and spend lavishly on jewelry, cruises, a Maserati sports car and other items.

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