Harsanyi: Is this what Obama's glorious green-energy future looks like?
It was one of Barack Obamas 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
It was one of Barack Obamas 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