California man gets prison for nearly $9M phony cow manure-to-green energy investment scheme

Ray Brewer, 66, of Porterville was sentenced Monday to six years and nine months in federal prison in a years-long scam that bilked investors out of $8.75 million, according to a statement from the U.S. attorney's office.

Anaerobic digesters “use microorganisms to break down biodegradable material and turn it into methane” that can be sold and that also provide the producers with renewable energy credits for producing green energy, the statement said. Brewer took investors on tours of dairies where he allegedly planned to build the digesters and claimed to have raised millions of dollars for the work. He sent them forged lease agreements with dairy owners, faked loan agreements with banks, phony contracts with multinational companies and bogus pictures of the machines under construction, prosecutors said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

California man gets prison for nearly $9 million phony cow manure-to-green energy investment schemeA California man is going to prison for running a cow dung-to-green energy scheme that authorities say was a load of manure.
Источник: ABC7 - 🏆 67. / 68 Прочитайте больше »