USSE, founder face charges
In August, U.S. Sustainable Energy Corp. Chairman and Founder John Rivera was arrested on charges of felony grand theft between $1,500 and $20,000. He was released shortly thereafter. This was the latest incident in a string that included Rivera being arrested July 31 in Baytown, Texas, on charges of grand theft worth more than $20,000 stemming from a relationship with "a previous company at which [Rivera] was an officer in Palm Beach, Fla.," according to Rivera's attorney Richard Cutler. Rivera was released on bond that same day. Also, a civil complaint was filed in the U.S. District Court of Southern Mississippi by the U.S. Securities and Exchange Commission against U.S. Sustainable Energy Corp. and Rivera for allegedly making more than $721,000 on the company's own stock. According to the filing, USSE used false and misleading statements, press releases and oral statements to inflate its share price between October 2006 and February 2007.