Beam me to Planet Gore !
Posted on 12/21/2011 2:00:09 PM PST by WOBBLY BOB
The founder and former chief executive of troubled Bixby Energy, an alternative energy startup, will appear in U.S. District Court in St. Paul this afternoon after being arrested this morning by federal agents. Bob Walker, also the retired founder of mattress maker Select Comfort Corp., is scheduled to appear before Magistrate Judge Janie S. Mayeron at 2 p.m., Jeanne Cooney, community relations director for the U.S. Attorney's office said today. The charges against Walker will be revealed in court, Cooney said. Last Wednesday, Ramsey-based Bixby Energy admitted to defrauding investors of between $2.5 million and $7 million and agreed to cooperate with a government investigation. In exchange, the U.S. Attorney agreed not to prosecute the company for the actions of its former officers and agents.
(Excerpt) Read more at twincities.com ...
The government alleged that Dennis Luverne Desender, 64, and an unidentified co-conspirator at Bixby lied to investors from 2006 through May 2011 to get them to put large amounts of money into the company.
http://www.bizjournals.com/twincities/news/2011/12/21/select-comfort-walker-bixby-arrested.html
U.S. Attorney B. Todd Jones complimented Bixby for doing “what is right” by accepting responsibility for the wrongdoing of its employees.
The agreement calls for Bixby to implement a compliance and ethics program designed to prevent and detect violations of securities laws. It also requires that it disclose to the government all information about the matter over the next two years.
The government alleged that Dennis Luverne Desender, 64, and an unidentified co-conspirator at Bixby lied to investors from 2006 through May 2011 to get them to invest large amounts of money with the company.
I wonder how much in porkulus $ they were promised.
Get government money for a phony green company and pay yourself millions then retire.
Get money from private investors for a phony green company and go to jail.
green jobs are “investments” with taxpayer money.
“subsidies” are what taxpayers pay to evil big oil and coal.
Ping.
There is a whole host of scammers attached to the Algore global warming lie. Surprise, Surprise!
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