Another Green Energy: Taxpayers On The Hook For $60 Mil

Image via CrunchBase

How many more stories will we see like this?

IS THIS WHAT OBAMA’S GREEN-ENERGY FUTURE LOOKS LIKE?
It was one of Barack Obama’s favorite green-energy companies. And green-energy companies, according to the president, are one of the best ways to facilitate economic growth.

Well, yesterday, The Denver Post detailed the criminal investigation of Abound Solar, a defunct solar-panel manufacturer in Colorado that was run on taxpayer “investments,” for securities fraud, consumer fraud and financial misrepresentation.

Abound shuttered its Colorado plant during the summer and filed for bankruptcy, leaving “125 workers without jobs and taxpayers holding the bag for up to $60 million in defaulted loans.”

Read more at Human Events.

Is green energy being created for energy or is there more to the story?