Boiler-Room Operation: Nanotech Engineering and Panel

boiler-room operation: It is by far the most efficient Solar Panel ever created, is only about the size of a Fed Ex Envelope, and can generate electricity even in the kind of dark and cloudy weather you see in Scandinavia, according to Market Watch. There's just one problem, authorities say. Nanotech Engineering of Irvine, Calif. says its last generation solar panel is a lightweight, stronger than steel yet flexible Solar Panel that is more than three times more efficient than traditional solar. The Securities and Exchange Commission says Nanotech Engineering and the Nanopanel are fraudulent hooks in a multimillion-dollar boiler-room operation running across the country from Alaska to Florida. About 2.4 million of the 9.4 million raised from investors has been misappropriated, the Commission says. Instead of developing new generation solar panels, Nanotech executives Michael Sweaney, David Sweaney and Jeffery Gange have allegedly been spending investors' money on yachts, fancy clothes, tens of thousands of dollars of cosmetic surgery, dermatology, and spa treatments, and even thousands of dollars on vaping products and tobacco, the SEC said. (news.financializer.com). As reported in the news.