AEHI Fighting SEC Accusations

A nuclear energy company with its sights set on building a plant in Idaho is now fighting a complaint filed against it last month.

In December, the Security and Exchange Commission accused Alternate Energy Holdings Incorporated (AEHI) of fraudulently raising funds to build a $10 billion nuclear power plant in Payette County. As a result, AEHI's funds have been frozen. The SEC accused the company of creating a "pumping and dumping" scheme, allegations the company now calls 'misleading' and 'blatantly false'.  AEHI's attorney Richard Roth says  the allegations are absolutely false.  In court documents the Commission says, among other things, AEHI fraudulently inflated the price and volume of its stock using false press releases and stock promoters in order to attract   investors. Additionally, the Commission says AEHI employees secretly sold off company stock and funneled the money back to the CEO. Now AEHI's attorney and CEO have filed documents and evidence they say disproves all of these claims.