Scammers who sold worthless AskGT.com shares sued
Missouri Attorney General Jay Nixon filed a lawsuit in St. Charles County Circuit Court against two individuals alleging they sold worthless shares in a dot-com business, the state office said. Named as defendants in the suit, filed May 11, are AskGT.com, Las Vegas, Nev.; Rose Laboratories, Bend, Ore.; and De Elroy Beeler (also known as John Montgomery), an agent for both companies, from Tujunga, Calif., the attorney general said in a release. Also named is Wester S. Cooley, Delray Beach, Fla., who is president of AskGT.com and is also affiliated with Rose Laboratories.
Nixon alleges that in 2002, Beeler identified himself as John Montgomery in phone calls to Missouri consumers and made misrepresentations while attempting to sell shares of stock in AskGT.com. Several individuals wired their money to Beeler and either received nothing in return or received stock certificates that weren't registered by the state. Beeler wasn't licensed to sell securities in Missouri, the attorney general said.
