Skip to main content    

Company Filings

U.S. Securities and Exchange Commission

                        -  About                            -  Careers 
                          -  Commissioners 
                          -  Contact 
                          -  Reports and Publications 
                          -  Securities Laws 
                          -  Mission 
                          -  Commission Votes 
                        -  Divisions & Offices                            -  Corporation Finance 
                          -  Enforcement 
                          -  Investment Management 
                          -  Economic and Risk Analysis 
                          -  Trading and Markets 
                          -  Office of Administrative Law Judges 
                          -  Examinations 
                        -  Enforcement                            -  Litigation Releases 
                          -  Administrative Proceedings 
                          -  Opinions and Adjudicatory Orders 
                          -  Accounting and Auditing 
                          -  Trading Suspensions 
                          -  How Investigations Work 
                          -  Receiverships 
                          -  Information for Harmed Investors 
                        -  Regulation                            -  Rulemaking Activity 
                          -  Proposed Rules 
                          -  Final Rules 
                          -  Interim Final Temporary Rules 
                          -  Other Orders and Notices 
                          -  Self-Regulatory Organizations 
                          -  Staff Interpretations 
                        -  Education                            -  Investor Education 
                          -  Glossaries 
                          -  Small Business Capital Raising 
                        -  Filings                            -  EDGAR – Search & Access 
                          -  EDGAR – Information for Filers 
                          -  Company Filing Search 
                          -  How to Search EDGAR 
                          -  Forms List 
                          -  About EDGAR 
                        -  News                            -  Press Releases 
                          -  Speeches and Statements 
                          -  Securities Topics 
                          -  Upcoming Events 
                          -  Webcasts 
                          -  SEC Videos 
                          -  Media Gallery 

                -  U.S. Securities and Exchange Commission                    -  Divisions & Offices 
                  -  Enforcement 
                  -  Regulation 
                  -  Education 
                  -  Filings 
                  -  Newsroom 
                -  Newsroom                    -  Press Releases 
                  -  Testimony 
                -  RSS Feeds                    -  Press Releases 
                  -  Public Statements 
                  -  Speeches 
                  -  Testimony 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

# 

# SEC v. Alternate Energy Holdings, Inc., et al. Case No. 10-cv-00621-EJL-REB (D. Idaho)

                            Aug. 11, 2022                       

On November 1, 2012, the Commission filed a supplemental amended complaint (“Complaint”) against Alternate Energy Holdings, Inc., its CEO, Donald L. Gillispie (“Gillispie”) and its Senior Vice President, Jennifer Ransom (“Ransom”) and named Bosco Financial, LLC (“Bosco Financial”), Energy Executive Consulting, LLC (“Energy Executive”), and Black & Lobello, LLC (“Black & Lobello”) as relief defendants. The Complaint alleged that AEHI raised millions of dollars from investors in Idaho and throughout the U.S. and Asia while fraudulently manipulating its stock price through misleading public statements that conceal the secret profits reaped by its Gillispie and Ransom. Gillispie touted the company as a tremendous investment opportunity that could rival Exxon Mobil in profitability, despite the fact that AEHI has essentially no revenue and minimal operations. *See* Supplemental Amended Complaint.

On May 13, 2014, the Court granted the Commission’s motion to freeze $2 million in funds AEHI had obtained from investors and then unlawfully transferred to a Nevada back account. *See* the Court’s Order. 

In 2015, the Court entered a final judgment against AEHI and Gillispie, ordering, among other things, that AEHI pay disgorgement with prejudgment interest in the amount of $14,812,066 and a $200,000 civil penalty. *See* AEHI and Gillispie’s Final Judgment. The Court also entered judgments resolving all claims against the remaining defendants and relief defendants, through a combination of litigated and consensual filings. *See* Black & Lobello’s Final Judgment, Ransom and Bosco Financial’s Final Judgment, and Dismissal of Energy Executive. 

On January 25, 2016, Black & Lobello turned over the $2 million in investor funds to the Commission, as ordered (“Distribution Fund”).

On January 10, 2017, the Court entered an order appointing Damasco & Associates LLP as the Tax Administrator and Rust Consulting, Inc. as the Distribution Agent of the Distribution Fund. *See* the Court’s Order. 

On August 14, 2017, the Commission filed a motion to approve a distribution plan (“Plan”). *See* the Commission’s Motion. 

On September 6, 2017, the Court entered an order approving the Plan. *See* the Court’s Order with the Plan. 

The Plan provides that the distribution of the Distribution Fund shall be made to claimants who were harmed by the improper conduct alleged in the Commission’s underlying lawsuit. The Distribution Agent will determine each Eligible Claimant’s pro rata share of the Distribution Fund based upon each Eligible Claimant’s total Eligible Loss Amount divided by the total Eligible Loss Amounts of all Eligible Claimants, in accordance with the terms of the Plan. Claim forms can be found at: www.SECAEHIDistributionFund.com. All Claim Forms must be postmarked by the Claims Bar Date, March 3, 2018.

On May 9, 2019, the Court entered an order amending the Plan (the "Amended Plan"). *See* the Court's Order with the Amended Plan.

On October 17, 2019, the Court entered an order authorizing the disbursement of $1,857,769.21 from the Fair Fund for distribution by the Distribution Agent to harmed investors in accordance with the Amended Plan.  *See* the Court's Order.

For more information, please contact the Distribution Agent: 

Rust Consulting, Inc.Telephone Number: 866-903-0635Website: www.SECAEHIDistributionFund.com Email:  info@SECAEHIDistributionFund.com

SOCIAL MEDIA1Twitter 2Facebook2Instagram3RSS4YouTube6LinkedIn8Email Updates

## About The SEC

-  Budget & Performance 
-  Careers 
-  Commission Votes 
-  Contact 
-  Contracts 
-  Data Resources 

## Transparency

-  Accessibility & Disability 
-  FOIA 
-  Inspector General 
-  No FEAR Act & EEO Data 
-  Ombuds 
-  Whistleblower Protection 

## Websites

-  Investor.gov 
-  Related Sites 
-  USA.gov 

## Site Information

-  Plain Writing 
-  Privacy & Security 
-  Site Map 

**Return to Top