Philadelphia, PA, May 07, 2019 --(PR.com
)-- Leoco Financial LLC announced today that it has re-branded as Puleo Energy. It will continue to focus on delivering electric power and natural gas supply solutions to commercial clients in Eastern PA and New York City. The company has been offering energy advisory services to commercial and industrial clients since 2012.
Sam Puleo, former CEO of Coastal Energy Consultants, was charged criminally by the FBI in 2013 for his involvement in an energy pricing fraud related to Coastal Energy. During such time, he was operating Leoco Financial LLC as an energy consulting organization. After completing his sentence in 2015, the Pennsylvania Public Utility Commission granted Mr. Puleo and Leoco Financial LLC the right to operate as an exclusive subcontractor of a licensed electric power and/or natural gas brokerage. Under this order, the company began to acquire new energy supply clients.
“The problems I faced were self-imposed, embarrassing to myself and my family, and destructive to my clients. I was very young and immature, nonetheless, I learned a great life lesson and take full responsibility for my actions. Re-entering the energy business was a difficult decision. Ultimately, I believed I could take what I learned to do some good and try to right the wrongs of my past,” said Puleo.
Puleo and his company are not shy about his former troubles. In fact, there is a disclosure statement on the company’s website (www.puleoenergy.com
) detailing Puleo’s indictment.
“I learned a great deal about the power business through my struggles and feel that I have a lot to offer my clients, but it is important to me to be transparent. If a potential client is not comfortable with my background, that’s okay, we shake hands and go in different directions. I have found most people appreciate the honesty,” stated Puleo.
Puleo Energy will continue to operate in two main regions, Eastern PA and New York City. The company plans to continue to grow its client base in 2019.