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In a town this size, there's no place to hide
Everywhere you go, you meet someone you know...
In a smokey bar, in the backseat of your car
In your own little house, someone's sure to find you out
What you do and what you think
What you eat and what you drink...

(Kieran Kane)

Monday, April 16, 2012

Solar energy thieves strike again

"Solar energy" thieves are getting bolder.  In Ohio, a gang of green jobs gonifs began dipping into the till the next day after gullible Italian investors ponied up five million bucks.
The executives of Willard & Kelsey Solar Group, a struggling solar-panel manufacturer, began lending themselves company funds the same day the firm received $5 million from a group of Italian investors, internal financial records show.
Michael Cicak, Willard & Kelsey's chairman of the board and chief executive officer, received a $40,000 loan that day. Mossie Murphy, chief financial officer at the time, received a $30,000 loan.
The loans to five company executives totaled more than $500,000 from August to October, 2008, records show. In addition, the top five executives also received payments of almost $1 million from November, 2008, through March, 2009.
In addition to the voluntary investment from sunny Italy, Willard & Kelsey also blew through over ten million Ohio taxpayer dollars.  Gullible, or complicit, Ohio government officials expected W&K to create thousands of jobs.  As of this writing, almost all of W&K's employees have been laid off.

Read all the details in the Toledo Blade's comprehensive report.  At what point to do we realize that the only difference between W&K, Solyndra, or you local BMW-driving green energy grant recipient and Bonnie and Clyde is that Bonnie and Clyde paid for their crimes the old fashioned way.

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