Herbert T. Sears is listed as an executive officer and director on 6 SEC Form D filings by 4 issuers between Nov 2008 and Feb 2020: ION Clean Energy, Inc. (Boulder, CO — environmental services — 2019; $70M reported sold to 19 investors), T-REX OIL, INC. (Broomfield, CO — industry reported as "Other" — 2016; $250K reported sold to 64 investors), Eco2Source, Inc. (Littleton, CO — industry reported as "Other" — 2020; $20K reported sold to 3 investors) and South Park Technology, Inc. (Parker, CO — other energy — 2008; $2,000 reported sold to 2 investors).
What this means A repeat sponsor — 4 separate companies raised money with this person listed as executive officer and director, over about 12 years. Across those companies the filings report $70.3M sold in total.
Listed alongside DONALD WALFORD (3 shared filings), ALFRED BROWN (2 shared filings), ERIK MEULEMAN (2 shared filings), JON NICOLAYSEN (2 shared filings), MARTIN GOTTLOB (2 shared filings) and 8 others.
What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Herbert. Each name links to their own page.
1 of the issuers belongs to the sponsor group Ion (2 issuers, $70.1M reported sold, 2009–2024).
What this means A sponsor group is one team that sets up a new company for each deal. Ion has 2 companies on file and $70.1M reported sold in total — the group page shows the whole track record in one place.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CT, DE, FINRA, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, OK, OR, PA, RI, SC, SD, TN, TX, VT, WA, WI, WV, WY) — 3 bankruptcy cases matching the name listed in Key records below.
What this means 3 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 6 public filings for Herbert T. Sears and found 8 differences, 2 worth asking the sponsor about: 75% of the money raised went to insiders; 4 Form Ds were filed more than 15 days after the first sale; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.