June 18, 2019

Equal Earth, Inc., Andrew J. Duggan, Ghassan "Mark" Hamade

Offering Fraud

SANCTION AMOUNT: Approximately $8,790,000

Defendants: Equal Earth, Inc.
Andrew J. Duggan, Ghassan "Mark" Hamade

Defendants were a green energy company and its CEO and COO. They agreed to settle charges that, inter alia, they made materially misleading/false representations and suggestions to investors concerning Equal Earth's financial health, including that it was a fast-growing company that would soon go public based on significant historical revenues, acquisitions of multiple companies that could generate future revenue, and secured projects with significant power generation capacity.

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