I am the Office Administrator for the Corporate Office of SolarTEK Energy, and I can attest to the validity of Mr. Patton's statements. Many telephone calls have come in from customers that Jared Coad contracted with, took thousands from and after months of waiting had nothing. The calls I witnessed were frantic in nature with " Jared Coad is scamming customers here in Arizona" being a common remark.

Jared Coad apparently simply starts up new companies, like Refined Solar, when things get too heated for him. I have learned that he registered his company(ies) with the National Futures Association, a watchdog association for, among other services, investment fraud. When complaints about his business dealings were filed with the NFA, he refused any cooperation and compliance with them. You can see the NFA's case document here: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2106.

Our company worked diligently with the Arizona dissatisfied customers to bring about resolution. I think Mr. Patton's decision to terminate Jared's license was the only response any good business person would make. Frankly, Jared Coad’s contention that Mr. Patton is a “scam artist” is ludicrous. I mean really, if you had a legitimate claim, neither you or I would hesitate to submit to binding arbitration. Especially since it was agreed to in advance as a condition of his license agreement. There is not doubt in my mind who the scam artist is here, its Jared Coad! Buyer Beware!

asked by Lucy F. on 6/17/10

1 Answer
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Jared didn't receive the remaining two weeks of training because he never reimbursed the second week of training expenses. (I presented the bill to him in person for the airfare, rental car and hotel for week two of his office set up.) Although it was obvious that he considered himself a marketing guru, he wasn't going to execute the SolarTEK Energy marketing plan being used by the other locations.

He also ripped Terry Crawford (one of our sales guys) off by not paying him any commission on over $30,000 in sales he made while out there working with his new sales guy.

Then we received three calls to corporate that they feared being scammed by Jared as they had each given thousands in deposits last year. No work was done and they were being lied to about the causes of the delays.

At that point I sent Jared a 30 day notice to terminate his SolarTEK license and let him know he could file for arbitration under the terms of the agreement. Chris was the point man on the Arizona customers (We have all their information and old emails. They are all thankful we assisted them over several months to get their jobs installed.) For whatever reason Jared didnt want to go to arbitration, guess he figured he had no case. I told Jared he was owed zero of his money back, he is the one that defaulted on the agreement. However, I offered to meet him halfway and refund half his fee. Or, we both simply commit to binding arbitration and he will get back whatever the arbitrator feels he is entitled to. He refused to present his story, whatever that is, to the arbitrator. So I've terminated his license.

All of the above is documented and being forwarded to our attorney to pursue a libel case.

Brant Patton, CEO

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