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Violation Tracker Individual Record

Company: ABCO Energy, Inc. fka Energy Conservation Technologies, Inc. and ABCO Solar, Inc. fka Westcap Energy, Inc.
Penalty: $8,666,558
Year: 2024
Date: March 15, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: ABCO Energy and ABCO Solar and their individual owner were ordered to pay $7,666,558 restitution and a $1,000,000 penalty in judgment of findings they fraudulently sold unregistered securities and were not registered as dealers or salesmen.
Level of Government: state
Action Type: agency action
Agency: Arizona Corporation Commission
Civil or Criminal Case: civil
Facility State: Arizona
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.