There was no bamboozling going on (except for the idiot media and unwitting taxpayers). 0 knows this is a useless hopeless enterprise — he just wants to get in on the looting of the Treasury.
I would say that the bamboozling occurred by the proprietors of these solar cos. Why do I say that?
Because our current government/corporate structure (and...it is an interesting point of ponderment whather giovernment learned from business or business learned it from government)
is to:
1: establish a business entity, or, create a line of business within an existing business, whose success is contingent upon a terminable government mandate. Eg; CRA, “solar is good, never mind the math”.
2: Obtain significant funding, either by registering and selling securities or obtaining government grants, based upon goofball, totally unrealistic business plans and projections.
3: Raid the coffers of the organization in favor of the management, to the extent that the enterprise is likely to fail, whether from lack of/depletion of capital, or by the “catch up” of the realities of the market, (via simple math) such non-reality being hidden by the influx of mass capital at the beginning of the enterprise.
4: Declare bankruptcy “unexpectedly” in such a way that the bonuses, etc; paid to management are forgotten about.
5: Sell, if possible, the assets purchased by the company to insiders at dime-on-the-dollar prices.
6: At that point, there is no corpus to claw back. Just lie low until the statue of limitations tolls.
How American business now operates.