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.Sign up for NBC Bay Area’s Housing Deconstructed newsletter.

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California man gets prison for nearly $9M 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: 10News - 🏆 732. / 50 Прочитайте больше »

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 »