Mar 5
2001

On March 5, 2001 in Johnson County, Texas, a warrant for the arrest of Charles E. Cole aka Chuck Cole (DOB 6-17-38) was executed, for selling unregistered securities between May and November, 2000. Operating through a company called Cole Springer Engine and also called Cole Springer Energy Pilot and Cole Springer Company, Mr. Cole promised large returns to approximately 140 Alvarado area residents in connection with the sale of shares in the company. According to affidavits filed, Mr. Cole represented that his company produced an engine that ran without the use of any type of fuel or electricity and stated that the original engine he invented had been running for 24 years with virtually no maintenance. Bail was set at $25,000.