DENVER BUSINESS JOURNAL - Seth Weiss, who in recent years developed a promising solar panel technology, misled investors with false financial statements and took more than $13 million from them, court filings allege.
Weiss has been permanently barred from the Colorado securities industry and has been ordered to pay more than $13 million in restitution.
Weiss is the former CEO and managing member of Englewood-based Genie Lens Technology LLC, which created a film that he said could boost the amount of electricity produced by nearly every kind of solar-power panel.
Weiss ran afoul with the Colorado Division of Securities, part of the Department of Regulatory Agencies, when he solicited investors but never registered the securities.
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