Consultant Bill Ryan, retired US Military Intelligence Officer Richard Doty, and author Whitley Strieber all discussed Project Serpo, an alleged secret exchange program of 12 military personnel to Serpo, a planet of Zeta Reticuli, between the years 1965-78. Ryan explained that he is a participant in a private ufology email forum and that in early November 2005, an "anonymous" contributor began revealing information about the Serpo Project, which Ryan has subsequently chronicled on his website serpo.org.

Two other sources have also come forward, and all three are supposedly retired employees of the Defense Intelligence Agency (DIA), said Ryan, who added there is a total of 3,000 pages of information on the project that is being released in installments. According to the "anonymous" source, Serpo is an Earth-sized planet with a population of around 650,000 "ebens" (our name for the ETs).An eben who allegedly survived the Roswell crash was said to have used a communication device to set up the exchange. Of the 12 who went on the exchange, eight returned (though all have since died), two died on Serpo, and two remained there. Ryan believes the story has credibility partially because some of the physics don't add up, and if someone was fabricating it, they would have presented more consistent details.

Strieber shared an incident that took place at a UFO conference in Gulf Breeze, Florida in the early 90's when an elderly gentleman told him he could prove he was from another planet, saying only one word after that-- Serpico. He now wonders if he misheard the word, and the man was actually saying Serpo. Doty said he was at first skeptical of the Project Serpo information, but later heard rumors within the intelligence community that the story is in fact true.