Ignite Energy Income Disclosure

Betts vs SGE Management, Stream Energy and Ignite

October 29, 2009 lawsuit filed by Perry Betts against SGE Management aka Stream Energy aka Ignite.

In a nutshell, the Plaintiff claims the Defendant violated the RICO act by operating a pyramid scheme.

Read the suit here ...

Juan Ramon Torres, et al, vs SGE Management LLC, et al

It ain't over until the fat lady sings.  In the latest lawsuit involving Ignite - Stream Energy, on July 27, 2012 the court has extended the trial date to June 3, 2013.

Ignite Income Disclosure Statement

Ignite - Stream Energy 2011 Income Disclosure

Robert FitzPatrick, who runs a watchdog group called Pyramid Scheme Alert,  after reviewing Ignite's financial records s

• 90% of Stream’s sales force lost nearly all their investments;
• 8.5% made no profit;
• 1% made a minimum wage-level income; and
• Fewer than .01% made any substantial income

Blogs and Forums about Ignite

http://www.electricitybid.com/electricity/index.php/2007/10/31/ignite-energy-the-opportunity-of-a-lifetime-or-maybe-not/


Ripoff Report 


Ignite - Stream Energy SAME OLD PYRAMID SCHEME ripoff Dallas Texas



Ignite - Stream Energy Just the Facts Dallas Texas

Torres v SGE Management LLC

Update:  September 23, 2011, Torres files SECOND AMENDED ORIGINAL CLASS ACTION COMPLAINT



Amended Complaint filed in 06/2009 reads in part:

The Defendants have created, operated and maintained a pyramid and endless chain scheme. Specifically, the defendants induced Torres, Robison and others to invest in the "Ignite Services Program" ("Services Program") for $329.00 and purchase an "Ignite Homesite" web page for $29.00 a month for the right to recruit new individuals to do the same with false promises of enormous profits.

As is expected in any pyramid scheme, those at the very top make more and more money. For example, between July 2005 and June 2006, the highest paid Executive Director received $819,089.50. By July 2007 to June 2008, the highest paid Executive Director received $2,148,615.50, an increase of 262%. In contrast, between July 2005 and June 2006, the average Qualified Director received $460.31. By July 2007 to June 2008, the average Qualified Director received only $174.06. This is a decrease of 264%. Therefore, while those on the bottom of the Pyramid are progressively receiving less and less, those at the top, including the Presidential and Executive Defendants, are making excessive sums from the illegal Pyramid.


Amended Complaint filed in 09/2011

Lawsuits involving Ignite aka SGE Management LLC

Parties: Perry Betts v. SGE Management, LLC, et al
Filed: July 8, 2010
Nature of Suit: Other Statutes - Racketeer Influenced and Corrupt Organizations

Parties: Betts v. SGE Energy Management, Ltd. et al
Filed: October 29, 2009
Nature of Suit: Other Statutes - Racketeer Influenced and Corrupt Organizations
Parties: Torres v. SGE Management LLC
Filed: June 30, 2009
Nature of Suit: Other Statutes - Racketeer Influenced and Corrupt Organizations
Actions: Orignal Complaint,  Appeal

Parties: Massingill v. Stream Energy Ltd et al
Filed: January 22, 2008
Nature of Suit: Intellectual Property - Copyrights