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

posted at 6:41 pm on October 26, 2012 by Erika Johnsen

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.

Loveland-based Abound closed its Colorado plant in July and filed for Chapter 7 bankruptcy liquidation in a move that left 125 workers without jobs and taxpayers holding the bag for up to $60 million in defaulted loans.

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.

This is the type of thing to which President Obama has so magnanimously made us all an accessory by trying to bolster economic losers and offering them our tax dollars for their doomed venture — even with special government subsidies and fraudulent business practices, the solar manufacturer still couldn’t get off the ground. How is this not more of an embarrassment for the Obama administration? And I quote (h/t David Harsanyi):

Wake up, America — this is the type of thing the President is stumping around the country (well, the swing states, anyway) touting and offering us more of with his bright-and-shiny “new” “plan,” assuring us that this time, it’ll create jobs and economic growth.


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President Don Kyoto will save us all with windmills.

Flange on October 26, 2012 at 6:43 PM

I’m starting to think that maybe Bark isn’t the smartest guy ever elected as POTUS.

Bishop on October 26, 2012 at 6:44 PM

Obama’s green jobs program..

Huge success!

Only 38 percent of those who have completed training got jobs based on it, and only 16 percent kept jobs for at least six months — the key measure of success for the program.

tom daschle concerned on October 26, 2012 at 6:44 PM

For Obama “Waste Fraud and Abuse” is not the quote from the picture, it is the caption to any picture of him.

tom daschle concerned on October 26, 2012 at 6:47 PM

Too bad this isn’t an election year…

Seven Percent Solution on October 26, 2012 at 6:49 PM

OT. Is Kirsten Powers the only Democrat with a sense of decency?

pat on October 26, 2012 at 6:51 PM

I’m starting to think that maybe Bark isn’t the smartest guy ever elected as POTUS.

Bishop on October 26, 2012 at 6:44 PM

And, that’s exactly why he deserves four more years. It’s his affirmative action right, after all.

TXUS on October 26, 2012 at 6:51 PM

The Oscar-the-Grouch touch. Everything Obama touches turns to garbage.

John the Libertarian on October 26, 2012 at 6:51 PM

I wasn’t dumb enough to believe his sh!t the first time around. I am at a loss to explain how anyone can believe ANYTHING coming out of that lying piece of cr@p’s mouth this time around.

Sasha List on October 26, 2012 at 6:53 PM

OT. Is Kirsten Powers the only Democrat with a sense of decency?

pat on October 26, 2012 at 6:51 PM

In so many words, on Baer’s show, she just called Obama, Panetta, et al., liars for claiming they didn’t have actionable intel at the time. Never heard her so angry at her team or any team for that matter.

TXUS on October 26, 2012 at 6:55 PM

I’m starting to think that maybe Bark isn’t the smartest guy ever elected as POTUS.

Bishop on October 26, 2012 at 6:44 PM

He’s a dumbass, and this is what forty years of affirmative action has brought us.

slickwillie2001 on October 26, 2012 at 6:55 PM

OT. Is Kirsten Powers the only Democrat with a sense of decency?

pat on October 26, 2012 at 6:51 PM

Is Baer sporting a new set of choppers?

slickwillie2001 on October 26, 2012 at 6:56 PM

Everthing the government subsidizes is failing.
..
Just wait until condom makers start selling faulty pruducts and things start going…um…belly up.

MichaelGabriel on October 26, 2012 at 6:56 PM

Obama’s not going to take any heat for this. He’s not Republican! As a Democrat, he has the cover of the Obama Jihadi media, who is also doing their damnedest to destroy our country and impose Modern Slavery Known As, Socialism! Between the Marxist Messiah and the Obama Jihadi media, every place we turn, there is a cliff, we could very well fly off and send this country and nearly 240 yrs of history down the tubes! get you Politicians to start fighting the Obama Jihadi media, while we still have a country to defend! Here’s How: http://paratisiusa.blogspot.com/2012/09/an-open-letter-to-those-who-should-know.html?spref=tw

God Bless America!

paratisi on October 26, 2012 at 6:59 PM

Everthing the government subsidizes is failing.
..
Just wait until condom makers start selling faulty pruducts and things start going…um…belly up.

MichaelGabriel on October 26, 2012 at 6:56 PM

Not to worry! Any abortion, any time is available without parental consent in some parts of our great nation!

Sasha List on October 26, 2012 at 7:01 PM

Obowma looks small and petty in that picture…

… Just the way I picture him after the election.

Seven Percent Solution on October 26, 2012 at 7:07 PM

Obama’s dunce hat is bigger…- Biden.

Electrongod on October 26, 2012 at 7:09 PM

One Natural Resource We’ll Never Run Out Of: Misinformation.

The environmental movemenet has been the greatest fraud ever perpetuated by Government on the American people.

http://piqscore.com/2012/06/one-natural-resource-well-never-run-out-of-misinformation/

VastRightWingConspirator on October 26, 2012 at 7:16 PM

Obowma looks small and petty in that picture…

… Just the way I picture him after the election.

Seven Percent Solution on October 26, 2012 at 7:07 PM

Four years ago the stands behind him would have been filled. Such a sad little man.

dirtseller on October 26, 2012 at 7:16 PM

Wake up, America — this is the type of thing the President is stumping around the country (well, the swing states, anyway) touting and offering us more of with his bright-and-shiny “new” “plan,” assuring us that this time, it’ll create jobs and economic growth.

….vote early!…vote early!…vote early…vote early!…(before more sh!t comes out!)

KOOLAID2 on October 26, 2012 at 7:24 PM

I’m starting to think that maybe Bark isn’t the smartest guy ever elected as POTUS.

Bishop on October 26, 2012 at 6:44 PM

Obviously, you’d be wrong. I’ve been told almost daily for the last 3 1/2 years that Obama is the smartest president EVER! Even smarter than that Thomas Jefferson fellow.

ButterflyDragon on October 26, 2012 at 7:24 PM

WOW! I can only hope Barry got his CAMPAIGN DONATIONS from the company before they went bankrupt!

So is this the 36th or 37th “green” company to go under? I’ve lost track.

GarandFan on October 26, 2012 at 7:30 PM

And the SEC files a lawsuit against the Energy Department for breach of fiduciary duty in 5…4…3, oh wait they file lawsuits against small start-up firms that can’t afford to defend a federal lawsuit.

Nutstuyu on October 26, 2012 at 7:46 PM

I’m starting to think that maybe Bark isn’t the smartest guy ever elected as POTUS.

Bishop on October 26, 2012 at 6:44 PM

My St Bernard is smarter than this dunce. Stop salivating Barky, she’s not on the menu.

NOMOBO on October 26, 2012 at 8:30 PM

I’m starting to think Obama must be solar-powered.

St Gaudens on October 26, 2012 at 8:48 PM

Obama meet Icarus, Icarus Obama…..

RAGIN CAJUN on October 26, 2012 at 8:57 PM

Read my comment at the bottom…

http://www.masterresource.org/2012/10/heritage-34-green-failings/

Kermit on October 26, 2012 at 9:00 PM

The Obama Admiistration:

Picking Losers Since 2008.

Forward.

Tim_CA on October 26, 2012 at 11:07 PM

OT. Is Kirsten Powers the only Democrat with a sense of decency?

pat on October 26, 2012 at 6:51 PM

I wondered about what she said and if she has security and then I remember she dated the weiner. How in the world could she date that slug?
When you think obama’s 1st pick was old joe biden – a heart beat away from the presidency.
Romney’s 1st pick was Paul Ryan!
That should tell you all you need to know about the next Pres of the U.S. (Please G-d)

Bambi on October 26, 2012 at 11:56 PM

Manure.

The ultimate green job.

profitsbeard on October 27, 2012 at 3:15 AM

Prezzy Promise sez he wants to give us ‘The jobs of the future, good paying green energy jobs’, oh, wait. These are more like slight of hand jobs, the kind you would expect from a street corner hustler, oh, wait.

Kissmygrits on October 27, 2012 at 9:05 AM