February 19, 2018 11:37 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of 808 Renewable Energy Corporation

Company Overview

808 Renewable Energy Corporation acquires, owns, develops, operates, and distributes on-site energy systems that produce electricity, hot water, heat, and cooling in the United States. The company also purchases and sells power generation equipment; and operates, repairs, and maintains power generation equipment for other energy facility owners. As of December 31, 2015, it had 4 operating energy systems. The company was founded in 2009 and is based in Garden Grove, California.

13888 Harbor Boulevard

Suite 8A

Garden Grove, CA 92843

United States

Founded in 2009

Phone:

714-891-8282

Fax:

714-891-4141

Key Executives for 808 Renewable Energy Corporation

808 Renewable Energy Corporation does not have any Key Executives recorded.

808 Renewable Energy Corporation Key Developments

SEC Charges 808 Renewable Energy, CEO, and Others with Defrauding Investors

The Securities and Exchange Commission filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was charged along with the company, chief operating officer Peter Kirkbride, sales representatives Martin Kinchloe and Thomas Flowers, and three other firms: 808 Investments LLC, West Coast Commodities LLC, and T.A. Flowers LLC. The complaint alleged that the fraud began in 2009 and lasted at least five years, raising more than $30 million from hundreds of investors. According to the SEC’s complaint, filed in U.S. District Court for the Central District of California, the defendants misled investors, falsely claiming their funds would be used to acquire new equipment and expand 808 Renewable. Instead, the complaint alleges that Carter paid millions for consulting fees by 808 Investments LLC, a company he owned and controlled, and diverted millions more to support his lavish lifestyle, to pay commissions to sales representatives, and to make Ponzi-like payments to investors. The SEC also alleged that in 2013 Carter falsely announced that the New York Stock Exchange had preliminarily approved 808 Renewable’s stock for trading on the AMEX, and sold millions of his own shares to investors.

808 Renewable Energy Corporation announced delayed 10-Q filing

On 05/17/2016, 808 Renewable Energy Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

808 Renewable Energy Corporation Auditor Raises 'Going Concern' Doubt

808 Renewable Energy Corporation filed its 10-K on Apr 22, 2016 for the period ending Dec 31, 2015. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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