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Subject TPTB tries to shut down free energy magnet engine, but inventor keeps going!

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Original Message he must of got too close huh!

A MAN who scammed investors with a fake magnetic engine and is now spruiking another impossible invention has been hit with a $300,000 bill for legal costs after being sued for misleading and deceptive conduct.

Micheal (also Michael) Peter Nugent and his now deregistered company, Cycclone Magnetic Engines, have been served with a court order to pay the costs of the corporate regulator which took action against them in the Queensland Supreme Court.

One of his investors contacted Fairfax by email to say ''the ASIC, plus these jerks [people who have tried to take over the company] and yourselves will no doubt rue the day that you decided to meddle with what will soon be the huge success story of 2013 on the OTCBB stock exchange [in the US]''.

Mr Nugent has set up new companies called Novagen Solar and Novagen Energy and has been promising the new engine will have potential applications in the industrial, marine, aerospace and automotive markets.

Read more: [link to www.smh.com.au]

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