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Solar Panel Manufacturer Faces Criminal Investigation for Fraud

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  • Solar Panel Manufacturer Faces Criminal Investigation for Fraud

    The District Attorney's Office of Weld County, Colorado is conducting a criminal investigation of the officials of the now bankrupt Abound Solar. Abound Solar was a Loveland, Colorado based thin-film solar manufacturing company, which suspended operations this past June, then declared bankruptcy in July, and is now defunct.The DA's office is launching a three-pronged fraud investigation and is also looking into the circumstances surrounding Abound's eligibility to receive $400 million of Department of Energy loans.The US House Energy and Commerce Committee is conducting a separate investigation of Abound Solar. The investigations are leading to parallels being drawn between Abound and the now-infamous Solyndra.

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  • #2
    Each and every day there is news about another solar manufacture goes Belly Up. Many involve fraud taking NoBama money.
    MSEE, PE

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    • #3
      Originally posted by Sunking View Post
      Each and every day there is news about another solar manufacture goes Belly Up. Many involve fraud taking NoBama money.
      I am not so sure about POTUS involvment in each of these deals. And I am sure there are other sectors that have a similar track record. However the damage to the industry as a whole is bad. Not everyone in the industry is a thief. I personally hate the thieves that give the industry a bad reputation. And generally these are folks who are investment wizards with the wherewithall and savy to game the system. I firmly believe that is not what this is all about.
      NABCEP certified Technical Sales Professional

      [URL="http://www.solarpaneltalk.com/showthread.php?5334-Solar-Off-Grid-Battery-Design"]http://www.solarpaneltalk.com/showth...Battery-Design[/URL]

      [URL]http://www.calculator.net/voltage-drop-calculator.html[/URL] (Voltage drop Calculator among others)

      [URL="http://www.gaisma.com"]www.gaisma.com[/URL]

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      • #4
        Originally posted by Sunking View Post
        ...Many involve fraud taking NoBama money.
        I finally came up with the matching epithet for the opposition candidate: "RomNay"
        SunnyBoy 3000 US, 18 BP Solar 175B panels.

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