The following list summarizes the issues, previously reported in New Energy Times, regarding Darcy Russ George, D2Fusion, and a variety of his other commercial attempts* to commercialize low-energy nuclear reaction research. As of March 2008, New Energy Times has received no corrections from George or D2Fusion.
In 2005, George led the public and his colleagues to believe that he had received $2 million for the sale of his company to Solar Energy Ltd. This benefited George because it led his colleagues to believe that George was financially capable of hiring or contracting with them. This also benefited George because the appearance of the company's wealth encouraged the public and his colleagues to part with their money in exchange for stock in the company.
However, George did not receive $2 million. He received only a debenture, an unsecured debt backed only by the integrity of the borrower. The financial backer was Nelson Skalbania, who had been convicted of investment theft. |
In fall 2005, George told people that his company "should be marketing 1 kiloWatt LENR-powered heaters in a few months' time."
It never happened.
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On Oct. 20, 2005, the Salt Lake City Weekly reported that George was claiming that he would have a LENR-powered water heater ready for testing by the end of 2006.
As of December 2005, the Weekly had not received any corrections from George.
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In the fall of 2005, the D2Fusion Web site said D2Fusion was expecting to have such a device by the end of 2006.
It never happened.
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In fall 2005, D2Fusion affiliates Tom Benson and Tom Passell reported 300 milliwatts of excess heat at a science conference in Yokohama.
This is 3,000 times less power than George (D2Fusion) claimed.
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In a December 2005 telephone interview, George was unable to answer direct questions about the discrepancy.
As of March 2008, as far as New Energy Times knows, neither George nor anyone else representing D2Fusion has reported to the science community any further results since the Yokohama conference.
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In a March 2005 presentation at the American Physical Society, George presented results from a sonofusion experiment that produced 85 Watts of excess heat and represented that the work belonged to D2Fusion.
It did not. This was the work of Roger Stringham (First Gate Energies) and Francis Tanzella (SRI International).
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In at least three public communications, George implied that a significant and historical heat and helium-4 correlation was credited to him and his companies.
It was not. It was an SRI project.
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George's company filed repeated reports with the Securities and Exchange Commission claiming that his "successful experimental prototypes have been tested at the Los Alamos National Laboratory and Stanford Research Institute."
Representatives from SRI and LANL contradicted this claim.
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George reported to the Securities and Exchange Commission that researcher Thomas Claytor was part of D2Fusion's staff.
Claytor denied this and stated that he was an outside consultant to D2Fusion, not an employee.
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George displayed on the D2Fusion Web site an image of the cover of a report from the Electric Power Research Institute. This image made it look like the science research belonged to and was developed by D2Fusion.
The image, including graphics and text, was a fabrication.
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In 2001, George tried to sell shares of stock in a company he allegedly registered as Portal Energies Inc. The prospectus stated, "The Catalytic Fusion Technology and a device demonstrating this phenomenon are both the inventions of Russ George."
Catalytic Fusion is the term used by and the method developed by Les Case, of Newfields, N.H.
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The Portal Energies Inc. prospectus says that George sold [Les Case's] "technology and all rights to the intellectual property ... to a research company, Saturna Technologies Inc.," and that Portal "agreed to purchase the technology and all intellectual property from Saturna Technologies Inc."
Corporate shell games are a series or sequence of deceptive transactions used to hide and/or to fabricate facts to the benefit of the corporation.
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The Portal Energies Inc. prospectus says that George's Saturna company "developed and engineered experiments on a simple yet effective heat-generating device, which has produced 1 watt of energy continuously for three years. The device is housed at SRI."
SRI's Michael McKubre wrote that this device "appears to be completely imaginary."
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On March 23, 2006, George's company, D2Fusion, distributed a press release that asserted that low-energy nuclear reactions pioneer Dr. Martin Fleischmann had joined the D2Fusion staff, quoted Fleischmann, and stated that he was an adviser.
Fleischmann did not join the company, did not provide the alleged quote and had no foreknowledge of the press release.
* Clustron Science Corp., E-Quest Sciences Inc., E-Quest Technologies, Saturna Technologies Inc., Portal Energies Inc., D2Fusion Inc., Solar Energy Ltd., Enwin Resources Inc., Shadow Marketing Inc. and D2Fusion Corp.
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