Biofuel developer being sued again
Published 12:00 am Thursday, March 5, 2009
NATCHEZ — Biofuel developer John Rivera is being sued for fraud — again.
The most recent suit, filed Feb. 27, alleges Rivera intentionally defrauded Borneo Energy Sendirian Berhad.
Borneo Energy, headquartered in Kuala Lumpur, Malaysia, is being represented Baker Botts L.L.P., a Texas-based law firm.
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The suit maintains that Rivera, now acting as Board Chair and Chief Visionary Officer, of Sustainable Power Corp., knowingly committed securities fraud, common-law fraud and breach of contract.
Borneo energy is also seeking more than $1 million damages.
In a similar case, heard in an Adams County court, Rivera was ordered to pay restitution to a Canadian investor.
The judge in that case found he defrauded the investor in a biofuel development scheme.