News
Men scammed investors with fake Butte County wind farm
Reed and Scott paid phone solicitors to make cold calls to investors, telling them that the wind farms were being constructed jointly by private investors and the U.S. government. Potential stakeholders were told that "government funds had been set aside by the President of the United States ...these alleged wind farm projects."
April 12, 2012
by Associated Press
in Rapid City Journal
CHEYENNE, Wyo. -- The pitch on behalf of Mountain State Power sounded enticing: For $25,000 and with minimal risk, you could cash in on the green energy boom in Wyoming and South Dakota, taking advantage of a wind farm project partly funded by the federal government.
Contracts with local power companies already were in place to buy the wind-driven power, so you'd get your initial investment back quickly, along with a 40 percent annual return on it for the next decade or so.
Contractors using heavy machinery already could be seen working land in Butte County,... [continue via Web link]
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