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HomeOff Topics News & Politics › Another Obama green-subsidy recipient under criminal investigation
10-08-2012 06:45 PM  5 years agoPost 1
Dennis (RIP)

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Another Obama green-subsidy recipient under criminal investigation

October 8, 2012 by Ed Morrissey

Will Abound Solar be the next Solyndra? The Obama administration gave the Colorado solar panel manufacturer $68 million in subsidies — a down payment on almost $370 million approved by the Department of Energy – before the company suddenly closed its doors and went bankrupt. The district attorney in Weld County has now opened a criminal investigation into Abound, as its business practices and its products look more and more suspicious:

A bankrupt Longmont-based company that received $68 million in stimulus money is under investigation by the Weld County district attorney’s office. …

7NEWS obtained internal documents from 2012 that show orders for tens of thousands of replacement solar panels. The orders cite different reasons for the replacements including, “low performance,” “under performance” and “catastrophic failures.”

The orders are for replacements requested after the Department of Energy stopped stimulus money payments to Abound.

“These are solar panels we are now seeing reports that said they worked as long as you didn’t put them in the sun,” said Rep. Cory Gardner, R-Colo. “Now the question is did the (Department of Energy) — did they know something that the rest of should have known? Did Abound not tell the DOE something? These are questions that need to be answered.”

Gardner, one of the Tea Party freshmen in Congress, told the news station he wants a Congressional investigation into how Abound ended up with $68 million of taxpayer funds with their track record of failure:

Gardner represents northern Colorado in Congress. He confirmed with 7NEWS that he will be sending a letter to the Department of Energy seeking records and information about what it knew while providing money to Abound. Gardner sits on the Energy and Commerce committee which oversees the Department of Energy loan program that provided money to Abound.

“We need to know, did the Department of Energy — did they close on the loan when they knew there were technical problems with the product?” said Gardner. “The fact that we have taxpayers on the hook for $70 million means that we, in Congress, have a responsibility to make sure nothing was done improperly.”

That’s not the only investigation for the defunct solar maker. Apparently, even after getting $68 million from the Obama administration for its poor-quality solar panels, they couldn’t pay their local property tax bill, either. That may or may not be part of the Weld County probe at the moment, but if it’s not, there will probably be another one to find the missing tax payments.

In other words, Abound was pretty good about taking tax dollars, but lousy at paying the taxes it owed.

This probe will definitely raise more questions about the vetting done at DoE, who were entrusted to invest their funds carefully. As events at Solyndra proved, those concerns got subordinated — along with taxpayer dollars — to politics.

http://hotair.com/archives/2012/10/...-investigation/

Liberty once lost, is lost forever.

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10-08-2012 07:02 PM  5 years agoPost 2
dilberteinstein

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Let's start the impeachment now.

We can't impeach him after he's voted out...or could we?...sweet, vote him out in Nov, but impeach in Dec...a kind of double whammy.

90% of life is "showing up"

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10-08-2012 07:06 PM  5 years agoPost 3
0000

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This clown is just giving the money to his friends while the entire country goes bust.

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10-08-2012 07:07 PM  5 years agoPost 4
Dennis (RIP)

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This clown is just giving the money to his friends while the entire country goes bust.
THAT is primarily how the entire so called "Stimulus" package was spent.

Liberty once lost, is lost forever.

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10-08-2012 07:28 PM  5 years agoPost 5
Wave

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Illinois

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Don't forget A123 batteries.

A123 got about 300 million in federal dollars and now the Chinese are going to buy it for a bargain price.

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10-08-2012 11:24 PM  5 years agoPost 6
baby uh1

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Is that why money is pouring into the Obama campaign from over seas? This needs to be fully investigated to see how much of this money went to Obama and the dems!
The bastards are financing their campaigns with our tax money and over seas graft!

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10-08-2012 11:27 PM  5 years agoPost 7
fla heli boy

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They have to be, because their core constitiuency is broke and living off gubment cheese. The cash has to be flowing from someplace.

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10-08-2012 11:31 PM  5 years agoPost 8
baby uh1

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Sure would like to know how much is flowing from China and Iran. Probably though Soros!

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10-08-2012 11:36 PM  5 years agoPost 9
Dennis (RIP)

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Oregon

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Is that why money is pouring into the Obama campaign from over seas? This needs to be fully investigated to see how much of this money went to Obama and the dems!
The bastards are financing their campaigns with our tax money and over seas graft!
Nothing was done about that practice during the Clinton campaigns and nothing will be done about it today.

Liberty once lost, is lost forever.

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10-08-2012 11:39 PM  5 years agoPost 10
baby uh1

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Yeah, but it still looks really bad that Obama is giving hugh sums of money to his campaign donors for obvious scam buisnesses.

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