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Author Topic: GMC Holding Corporation and Richard Brace  (Read 770 times)

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GMC Holding Corporation and Richard Brace
« on: February 25, 2008, 12:00:49 PM »
GMC Holding Corporation and Richard Brace
     


On February 22, 2008, the Securities and Exchange Commission filed an action against GMC Holding Corporation and its chief executive officer, Richard Brace, for defrauding investors by issuing false press releases touting the company's development of a motor technology device capable of generating unlimited energy and negotiations to sell this technology for hundreds of millions of dollars.
     

http://www.sec.gov/litigation/litreleases/2008/lr20465.htm
     
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