“Warren Buffett’s investment conglomerate, Berkshire Hathaway, took a $377 million hit in the first quarter of 2019 due to prior years’ investments in a group of funds run by a company that’s now believed to be a Ponzi scheme. Between 2015 to 2018, Berkshire Hathaway invested a total of $340 million in tax-credit investment … [Read more…]
“State and federal law enforcement agents hoped for a confession. But Seattle energy consultant Martin Shain wasn’t playing ball. Agents from the Oregon Department of Justice and the FBI investigating an Oregon solar power project last September persuaded another player in the case to telephone Shain in hopes he would incriminate himself. Agents wanted … [Read more…]
“Christopher B. Warren, 50, of Anthony, Florida pleaded guilty Friday to one count of mail fraud and one count of securities fraud for operating a $28 million Ponzi scheme, announced U.S. Attorney Don Cochran for the Middle District of Tennessee. Warren was the founder and chief investment officer of Clean Energy Advisors (CEA), a … [Read more…]
“A federal jury on Wednesday convicted the owner of an Excelsior renewable energy firm of multiple fraud charges in connection with bilking more than 70 customers out of millions of dollars for wind turbines they never received. Prosecutors charged Shawn Robert Dooling, 52, last year after an FBI investigation, alleging that he used Renewable … [Read more…]