In February 2011, Boise Weekly interviewed Jennifer Ransom, former vice president of Alternate Energy Holdings, Inc., after listening to AEHI's CEO Don Gillispie describe her as "a pretty blonde" in a federal court hearing where prosecutors alleged that the company was a shell for a "pump and dump" scheme.
"Quite frankly, Asians like a pretty blonde face to look at," said Gilliespie. "So it doesn't hurt." Gillispie referred to the numerous trips that he and Ransom had taken together, including to the Far East.
In fact, AEHI attorneys presented Ransom as a secretary with "no day-to-day responsibilities." During the hearing, AEHI attorneys referred to something called Bosco Financial LLC, through which hundreds of thousands of dollars had flowed. Ransom later told BW that "Bosco" was the name of a family dog.
A few months later, Ransom resigned from AEHI, citing "significant health-related issues."
The charge of securities fraud is punishable by up to five years in prison. Ransom's sentencing is set for July 27.
Meanwhile, Gillispie continues to fight charges of conspiracy and securities fraud, and is still slated for a federal court trial in July.