Re: [DMCForum] Carl Tilley... the final chapter

[Eric Itzel <eric@xxxxxxxxxxxxx>]

Well- I bet there will be a helluva deal on an electric delorean in a
few months!
 

----- Original Message ----- 
From: Travis  <mailto:tgoodwin@xxxxxxxxxxxx> Goodwin 
To: 'DMCForum@xxxxxxxxxxxxxxx' <mailto:'DMCForum@xxxxxxxxxxxxxxx'>  
Sent: Tuesday, June 15, 2004 10:09 AM
Subject: [DMCForum] Carl Tilley... the final chapter

I snipped this from the Forum... I thought Tilley said nothing was
seized.
The Tennessean reports a different story:

Entrepreneur sues state after property seized
Raid part of investigation into alleged fraudulent stock offering

A Smith County man says his livelihood has been hijacked by state
investigators.

That livelihood includes Carl Tilley's business records, a 1981
stainless-steel-skinned DeLorean automobile and a mysterious ''opaque
metal
box'' that holds a secret, hyperefficient device that reportedly runs on
its
own electrical fumes, drastically extending battery life on electric
cars,
electric all-terrain vehicles and electric fences.

And Tilley wants it all back.

He has gone to U.S. District Court with a lawsuit that demands the
return of
property seized during a state raid on his Smith County compound.

He argues that he has been a victim of unreasonable search and seizure
by
TBI agents and by investigators from the securities division of the
state's
Department of Commerce and Insurance.

The state, according to public records, surmises that reported stock
offerings in the Tilley Foundations - offerings that bank on the success
of
a secret, unpatented gizmo - are frauds. In May 2003, agents breached
the
walls of Tilley's well-guarded acreage and executed a search warrant.

They carted off 62 items, according to search warrant returns. That
includes
bank statements, stock certificates, photographs, letters, files,
electric
bills, an electric all-terrain vehicle, an electric Toyota and an
electric
DeLorean.

Affidavits also shed light on what the agents were seeking more than a
year
ago: evidence in the alleged sale of unregistered securities in
violation of
state law.

Tilley's suit acknowledges the state's suspicions, but it pointedly
denies
the implications: that the agents were acting on ''erroneous, incomplete
and
unreliable information'' when they began investigating reports that
Tilley
and his foundation had ''wrongfully sold securities and/or that the
Plaintiffs had unlawfully profited from any allegedly illegal sales,''
the
federal complaint states.

Agents had interviewed some of Tilley's former business partners and
reviewed his marketing materials. They visited his Web site,
www.tilleyfoundation.com.

They also have tracked down people who have invested in Tilley's ideas,
court records show.

Those interviews caused agents to believe that ''Tilley has been selling
stock issued by the Tilley Foundation to raise capital to develop and
market
an alternative energy device that can power automobiles, homes, shops
and
various devices without any further need for fuel or some other energy
source.

''The stock has been sold in $5,000 units,'' the agents swore in
affidavits.
They suspect that Tilley has obtained more than $400,000 from
approximately
30-40 investors. The agents contend that Tilley had not registered such
stock issues with the Department of Commerce and Insurance.

Still, despite the state's year-old allegations, no one has been charged
in
the case, Tilley's suit points out.

His Cookeville-based attorney has previously written the state
contending
that those who informed on Tilley were unreliable and mistaken.

Yet Henry Fincher promised that his client would cooperate fully with
the
state as it probed the allegations, court records show.

The state Department of Commerce and Insurance could not comment on the
suit
or the investigation, according to its spokeswoman Paula Wade.

Beth Denton, a TBI spokeswoman, said the TBI's participation in the
search
of Tilley's property was only in support of another agency's inquiry.

And Tennessee's attorney general's office, which will represent the
state in
the suit, has yet to file a response to the formal complaint in court.

Fincher also declined to comment on the suit, citing local federal court
rules that restrict what parties may say to the press about ongoing
cases.

So the Tilley material sits somewhere in state custody.

Fincher has pleaded with the state not to let the miraculous cat out of
the
bag by disclosing whatever trade secrets may be contained inside the
metal
box.

And he is asking federal court for a jury trial and undisclosed damages
based on his charges that Tilley's constitutional rights have been
violated
in the course of Tennessee's fraud investigation.

The case has been assigned to U.S. District Judge William J. Haynes. 



Yahoo! Groups Sponsor      

ADVERTISEMENT
click here      
 
<http://us.adserver.yahoo.com/l?M=285832.5062449.6190003.1793602/D=group
s/S=:HM/A=2178650/rand=697570779>       


  _____  

Yahoo! Groups Links


*      To visit your group on the web, go to:
http://groups.yahoo.com/group/DMCForum/
<http://groups.yahoo.com/group/DMCForum/> 
  

*      To unsubscribe from this group, send an email to:
DMCForum-unsubscribe@xxxxxxxxxxxxxxx
<mailto:DMCForum-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe> 
  

*      Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service <http://docs.yahoo.com/info/terms/> . 




[Non-text portions of this message have been removed]

Yahoo! Groups Sponsor

ADVERTISEMENT

---

Yahoo! Groups Links

• To visit your group on the web, go to:
  http://groups.yahoo.com/group/DMCForum/
   
• To unsubscribe from this group, send an email to:
  DMCForum-unsubscribe@xxxxxxxxxxxxxxx
   
• Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.