Tales of fraud from the Obama admin’s green-energy crypt

[Valin]

Hot Air:

 

Erika Johnsen

10/26/12

 

You may recall that Abound Solar, one of President Obama most favoritest subsidized poster children, declared bankruptcy (not to be confused with electric-car battery maker and Obama-stimulus-recipient A123 Systems that declared bankruptcy just a couple of weeks ago — there are just so many to keep track of) and subsequently became the subject of a criminal investigation. The Denver Post has an update with some details of that developing investigation:

 

Abound Solar, the defunct solar-panel manufacturer, is under criminal investigation for possible securities fraud, consumer fraud and financial misrepresentation, the Weld County district attorney’s office said Thursday.

 

(Snip)

 

The securities-fraud investigation stems from allegations that “officials at Abound Solar knew products the company was selling were defective, and then asked investors to invest in the company without telling them about the defective products,” the DA’s office said in a news release.

 

In addition, there are allegations that Abound may’ve knowingly sold defective panels to customers and misled financial institutions when the company was seeking loans… so that’s pretty terrific.

 

(Snip)