sc13d102108rs_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)

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):

Ruggero Maria Santilli

(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

		(a)	o
		(b)	o

(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) o

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

UNITED STATES

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	(7) SOLE VOTING POWER
	43,375,000
	(8) SHARED VOTING POWER
	0
	(9) SOLE DISPOSITIVE POWER
	43,375,000
	(10) SHARED DISPOSITIVE POWER
	0

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

43,375,000

(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

63.01%

(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 Ruggero Maria Santilli who is hereinafter sometimes referred to as the “Reporting Person.” Ruggero Maria Santilli who is located at 90 Eastwinds Ct., Palm Harbor, FL 34683. The telephone number is (727) 434-2887.

Ruggero Maria Santilli is the Chief Executive Officer and director 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.

Ruggero Maria Santilli is a member of Global Alpha LLC, with its principal place of business located at 90 Eastwinds Ct., Palm Harbor, Florida 34683.

Ruggero Maria Santilli is a member of Global Beta LLC, with its principal place of business located at 90 Eastwinds Ct., Palm Harbor, Florida 34683.

Ruggero Maria Santilli is a director of Clean Energies Tech Corp. is a Delaware Corporation with its principal office at 90 Eastwinds Ct., Palm Harbor, Florida 34683.

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 shares were issued to Ruggero Maria Santilli as founder shares.

29,245,000 shares were issued to Global Alpha LLC as founder shares.

10,000,000 shares were issued to Global Beta LLC as founder shares.

3,030,000 shares were issued to Clean Energy Tech as 2,900,000 founder shares on December 9, 2005; 100,000 founder shares on June 30, 2007 and a purchase of 30,000 shares valued at $30,000 on June 12, 2007 in a Regulation D offering.

100,000 shares were issued to Ruggero Maria Santilli personally to satisfy the requirements of a consulting agreement.

1,000,000 shares were issued to the RM Santilli Foundation as a gift. This is the scientific foundation for Dr. Ruggero Santilli.

ITEM 4. PURPOSE OF TRANSACTION.

The acquisition of 43,375,000 shares of the Issuer's common stock by the Reporting Person was pursuant to the following:

29,245,000 shares were issued to Global Alpha LLC as founder shares and the shares were valued at par value.

10,000,000 shares were issued to Global Beta LLC as founder shares and the shares were valued at par value.

100,000 shares were issued to Ruggero Maria Santilli as founder shares and the shares were valued at par value.

1,000,000 shares were issued to the RM Santilli Foundation as a gift. This is the scientific foundation for Dr. Ruggero Santilli and the shares were valued at par value.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

The Reporting Person acquired 43,375,000 of the issued and outstanding common shares of the Issuer. Such amount represented 63.01 % 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: October 21, 2008

By:	/s/ Dr. Ruggero Maria Santilli
	Dr. Ruggero Maria Santilli
	Chairman of the Board of Directors and CEO