sc13d1108es_magnegas.htm
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
The Securities Exchange Act Of 1934
MagneGas
Corporation
(Name
of Issuer)
COMMON STOCK, $0.001 Par
Value Per Share
(Title
of Class of Securities)
(CUSIP
Number)
Louisa
Ingargiola
35246
US Highway 19N, #311
Palm
Harbor, Florida 34684
(727)
934-9275
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
With copies
to:
Anslow
& Jaclin, LLP
195
Route 9 South, Suite 204
Manalapan,
NJ 07726
(732)
409-1212
October
3, 2008
(Date
Of Event Which Requires Filing Of This Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box o.
SCHEDULE
13D
(1) NAMES
OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY):
(2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(3) SEC
USE ONLY
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS)
(5) CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
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(6)
CITIZENSHIP OR PLACE OF ORGANIZATION
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NUMBER
OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
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(7) SOLE
VOTING POWER
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5,000,000
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(8) SHARED
VOTING POWER
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0
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(9) SOLE
DISPOSITIVE POWER
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5,000,000
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(10) SHARED
DISPOSITIVE POWER
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0
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(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(12)
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(14) TYPE
OF REPORTING PERSON
ITEM
1. SECURITY AND ISSUER.
The
security upon which this report is based is the common stock, par value $0.001,
of MagneGas Corporation, a Delaware corporation, with its principal place of
business located at 35246 US Highway 19N, #311, Palm Harbor, Florida 34684. The
telephone number is (727) 934-9593 and the fax number is (727)
934-9275.
ITEM
2. IDENTITY AND BACKGROUND.
The name
of the person filing this statement is Ermanno Santilli who is hereinafter
sometimes referred to as the “Reporting Person.” Ermanno Santilli who is located
at 90 Eastwinds Ct., Palm Harbor, FL 34683. The telephone number is
(727) 434-2887.
During
the past five years, the Reporting Person has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors). In
addition, the Reporting Person has not been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction during the last five
years which would make it subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violations with respect to such
laws.
The
Reporting Person is a citizen of the United States.
ITEM
3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The 5,000,000 shares of the Issuer's
common stock by the Reporting Person were issued via a transfer from his sister
Luisa Ingargiola who is the CFO and Director of MagneGas
Corporation.
ITEM
4. PURPOSE OF TRANSACTION.
The
acquisition of 5,000,000
shares of the Issuer's common stock by the Reporting Person were issued
via a transfer from his sister Luisa Ingargiola who is the CFO and Director of
MagneGas Corporation.
ITEM
5. INTEREST IN SECURITIES OF THE ISSUER.
The
Reporting Person acquired 5,000,000 of the issued and
outstanding common shares of the Issuer. Such amount represented 7.26
% of the total issued and outstanding common shares of the
Issuer.
ITEM
6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Other
than the Agreement, as described in this Schedule 13D, the Reporting Person has
no contracts, arrangements, understandings or relationships with any other
person with respect to any securities of the Issuer.
ITEM
7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
Date:
November 6, 2008
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By:
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/s/ Ermanno
Santilli
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Ermanno
Santilli
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