Daniel Thomas Broyles Sr.

What the public record shows

Daniel Thomas Broyles Sr. (aka “Dan Thomas”), of Malibu, California, pleaded guilty in June 2022 to conspiracy to commit mail and wire fraud, mail fraud, and money laundering for his role in the Niyato Industries stock-fraud scheme. He had fled to Mexico in 2016 after learning of the federal investigation and was extradited in March 2022. This is a criminal conviction — not an allegation.

The scheme — a sham “electric vehicle” company

According to the Department of Justice:

• Broyles, Niyato CEO Robert Stencil, and others falsely portrayed Niyato as a leader in electric vehicles and natural-gas vehicle conversions.
• In reality Niyato was a sham — no operating facilities, no proprietary technology.
• They sold about $2.8 million in stock to roughly 140 victims, many elderly or otherwise vulnerable, and virtually all investor money went to the co-conspirators, not the business.

Why we rate this 1 / 10 — Avoid

A guilty plea (following international flight and extradition) in a scheme that dressed a hollow shell in a hot-sector story — “electric vehicles” — to sell worthless stock to elderly investors.

Red flags this case teaches

• Hot-sector story + tiny unlisted stock + hard sell = classic microcap fraud. The trendier the pitch (EV, AI, crypto), the more scrutiny it deserves.
• Verify the company actually operates — real facilities, real revenue, real filings with the SEC — before buying any small-company stock.
• Be wary of anything sold to retirees as a ground-floor opportunity.

Bottom line

Convicted. A thrilling-sounding company with no verifiable operations is a story printed on stock certificates — confirm the business is real before you buy a share.

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