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2015-11-04T00:00:00.000Z

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Wrong Michael Spitzauer?

Mr. Michael Spitzauer P.

Owner

Greens Power Limited

Direct Phone: (888) ***-****       

Email: m***@***.uk

Green Power , Inc.

Greens Power Limited

Raines House Denby Dale Road

Wakefield, North Yorkshire WF1 1HR

United Kingdom

Company Description

Greens also support the worlds leading boiler makers and offer manufacture of HRSG modules whether forced or natural circulation finned tube modules are specified. Greens manufacture a wide range of marine package boilers and marine exhaust gas heat exc ... more

Find other employees at this company (467)

Background Information

Employment History

Chief Executive Officer
Waste-to-Diesel Fuel company

Chief Executive Officer
Power

Owner
When Green Power

Chief Executive Officer
Green Power Inc

Affiliations

Founder
Talidesigns Group

Web References (112 Total References)


· On June 10, 2015, Michael ...

gcfcpa.com [cached]

· On June 10, 2015, Michael Peter Spitzauer, was sentenced to 48 months in prison and ordered to pay over $10 million in restitution to his victims and over $2.5 million in restitution to the IRS. He was President of Green Power, Inc., a biodiesel fuel business asserting to possess the technology to turn waste into biofuel. Spitzauer defrauded investors from several countries, including China, Spain, Slovenia, Canada, and the United States. He represented investor funds would be deposited into an account controlled by an attorney, and would not use the funds without the written consent of the investors. He represented he used investor funds to pay insurance bonds and state agency fees, instead he obtained over $10 million for personal purposes and filed false tax returns showing no income.


Michael Spitzauer was an ...

beaconimmigration.com [cached]

Michael Spitzauer was an immigrant from Austria living in Kennewick, Washington. He wasn't your average immigrant to the United States though. Before coming to the United States he had served three years in prison in Austria for a conviction of fraud and forgery. Following his prison term, he immigrated to the United States. Spitzauer allegedly lied on his immigration paperwork about his previous convictions and allegedly did the same when it came time to fill out his Legal Permanent Resident application. According to federal prosecutors, this was only the beginning.

Kennewick Investigation
Federal officials claim that Spitzauer, a resident of Kennewick, defrauded investors of more than $10 million in his attempt to run a biofuel company. At first it appeared that there had been a plea deal worked out between the two sides, but that was rejected by the US District Court, which argued that Spitzauer's history of fraud made it necessary to have a trial.
Spitzauer was the CEO of Green Power, based in the Tri-City area. Green Power was supposed to be a company that would turn waste into fuel to power the energy plant. Spitzauer claims that the reason the company failed was not because it was a type of Ponzi scheme, but because it was a business failure. Part of the problem was that he was unable to get the necessary permits to burn garbage for fuel. Prosecutors say that Spitzauer spent the money as soon as he got it, so there is little chance that they would be able to get anything back for the investors.
Federal prosecutors are seeking large judgments against him to the tune of $13 million in restitution, as well as turning over his Kennewick house. Because Spitzauer lied on his immigration documents, he faces deportation back to Austria if he is convicted. For that reason, the stakes are high for Spitzauer.


On June 10, 2015, in Spokane, ...

www.nationaltaxcreditgroup.com [cached]

On June 10, 2015, in Spokane, Washington, Michael Peter Spitzauer, of Kennewick, Washington, was sentenced to 48 months in prison, one year of supervised release and ordered to pay $10,365,000 in restitution to the victims of his fraud scheme and $2,585,177 in restitution to the IRS. Spitzauer previously pleaded guilty to filing a false tax return and failing to file a tax return. Spitzauer served as the CEO and President of Green Power, Inc., a biodiesel fuel business, which Spitzauer asserted possessed the technology to turn waste into biofuel. Spitzauer defrauded various investors by representing that he would maintain their investment deposits in accounts controlled by an attorney, and not be utilized without the parties' written agreement. In fact, Spitzauer controlled the bank accounts, and spent the investors' deposits in unauthorized ways, such as on luxury goods, and repaying prior investors who sought return of their funds. Spitzauer also defrauded additional investors by falsely representing that their funds would be used to pay state agency fees or insurance bonds. From 2007 to 2013, Spitzauer stole more than $10.3 million from the various victims, who reside across the globe, including in China, Spain, the Netherlands, Ireland, Australia, Slovenia, Canada, Texas, and Maryland. In addition, Spitzauer filed false tax returns for tax years 2007 and 2009, when he reported that he received no income and failed to disclose the funds he fraudulently obtained from his investors, which totaled approximately $4.5 million in taxable income for 2007 and 2009. For tax year 2008, Spitzauer failed to file a tax return, despite receiving approximately $3.2 million in taxable income, which represented funds he stole from the defrauded investors. As a result, Spitzauer evaded the assessment of approximately $2.5 million in taxes.


On June 10, 2015, in Spokane, ...

www.nationaltaxcreditgroup.com [cached]

On June 10, 2015, in Spokane, Washington, Michael Peter Spitzauer, of Kennewick, Washington, was sentenced to 48 months in prison, one year of supervised release and ordered to pay $10,365,000 in restitution to the victims of his fraud scheme and $2,585,177 in restitution to the IRS. Spitzauer previously pleaded guilty to filing a false tax return and failing to file a tax return. Spitzauer served as the CEO and President of Green Power, Inc., a biodiesel fuel business, which Spitzauer asserted possessed the technology to turn waste into biofuel. Spitzauer defrauded various investors by representing that he would maintain their investment deposits in accounts controlled by an attorney, and not be utilized without the parties' written agreement. In fact, Spitzauer controlled the bank accounts, and spent the investors' deposits in unauthorized ways, such as on luxury goods, and repaying prior investors who sought return of their funds. Spitzauer also defrauded additional investors by falsely representing that their funds would be used to pay state agency fees or insurance bonds. From 2007 to 2013, Spitzauer stole more than $10.3 million from the various victims, who reside across the globe, including in China, Spain, the Netherlands, Ireland, Australia, Slovenia, Canada, Texas, and Maryland. In addition, Spitzauer filed false tax returns for tax years 2007 and 2009, when he reported that he received no income and failed to disclose the funds he fraudulently obtained from his investors, which totaled approximately $4.5 million in taxable income for 2007 and 2009. For tax year 2008, Spitzauer failed to file a tax return, despite receiving approximately $3.2 million in taxable income, which represented funds he stole from the defrauded investors. As a result, Spitzauer evaded the assessment of approximately $2.5 million in taxes.


On June 10, 2015, in Spokane, ...

www.nationaltaxcreditgroup.com [cached]

On June 10, 2015, in Spokane, Washington, Michael Peter Spitzauer, of Kennewick, Washington, was sentenced to 48 months in prison, one year of supervised release and ordered to pay $10,365,000 in restitution to the victims of his fraud scheme and $2,585,177 in restitution to the IRS. Spitzauer previously pleaded guilty to filing a false tax return and failing to file a tax return. Spitzauer served as the CEO and President of Green Power, Inc., a biodiesel fuel business, which Spitzauer asserted possessed the technology to turn waste into biofuel. Spitzauer defrauded various investors by representing that he would maintain their investment deposits in accounts controlled by an attorney, and not be utilized without the parties' written agreement. In fact, Spitzauer controlled the bank accounts, and spent the investors' deposits in unauthorized ways, such as on luxury goods, and repaying prior investors who sought return of their funds. Spitzauer also defrauded additional investors by falsely representing that their funds would be used to pay state agency fees or insurance bonds. From 2007 to 2013, Spitzauer stole more than $10.3 million from the various victims, who reside across the globe, including in China, Spain, the Netherlands, Ireland, Australia, Slovenia, Canada, Texas, and Maryland. In addition, Spitzauer filed false tax returns for tax years 2007 and 2009, when he reported that he received no income and failed to disclose the funds he fraudulently obtained from his investors, which totaled approximately $4.5 million in taxable income for 2007 and 2009. For tax year 2008, Spitzauer failed to file a tax return, despite receiving approximately $3.2 million in taxable income, which represented funds he stole from the defrauded investors. As a result, Spitzauer evaded the assessment of approximately $2.5 million in taxes.

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