Monday, 05 November 2012 17:20

Another Bankrupt "Green Company" Investigated for Fraud

Solyndra and Abound make up about $600 million Obama has thrown into two worthless companies with worthless products. He plans on spending billions more in a second term.

The government has no business "investing" in private businesses, because the temptation to do it for political ends, as here and with Solyndra, is too much. Indeed, the government had no business putting money in banks or auto companies, because, in both cases, the monies went to political favorites of both Bush and Obama.

Watch Him in This Video Bragging about Abound and Claiming the Company will Create Thousands of Jobs





Here He Brags about Solyndra before it Went Bankrupt



You will find the following in the article regarding the investigation of Abound:
"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.

Similarly, the consumer-fraud allegation is that Abound knowingly sold defective panels to customers.

The third subject of investigation is that Abound allegedly misled financial institutions when the company was seeking loans.

See here: Weld County details investigation of Abound Solar - The Denver Post 

 
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