Posted on 09/03/2015 3:54:30 PM PDT by SMGFan
When someone makes a promise that seems too good to be true: like saying you’ll be “stinkin’, filthy rich” if you invest in their green energy technology, it’s a good idea to look into that proposition with a little more scrutiny. That kind of attractive, yet ultimately worthless deal cost consumers nearly $54.5 million, federal prosecutors say.
The Department of Justice announced today that federal prosecutors filed fraud and conspiracy charges against the three co-founders of Pennsylvania-based Mantria Corporation for their part in bilking millions of dollars from unsuspecting consumers.
Under the scheme, from 2005 to 2009 the group encouraged retirees to drain their retirement accounts and mutual funds accounts to funnel money into empty projects with promises of yields as high as 484%.
(Excerpt) Read more at consumerist.com ...
He made 200 million, with no jail time.
Our thoroughly corrupt government is great at running scams. Especially the current global cooling, er warming, er climate change scam
tip of the iceberg
SOLYNDRA.
Only problem is that the 500 million of our dollars spent by the bampster is long gone.
Department of Energy?
I long for the day the global warming hoaxsters are forced to pay billions in fines for the damage they have caused with their lies.
She may be currently employed as a waitress in the Leheigh Valley.
And that company differs from these failed companies how? I’d guess that Mantria Corporation failed to make enough payoffs to Obama and his cronies.
Abengoa ($2,900 million) — on deathwatch this week
Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)
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