"California Man's $8.7 Million Cow Manure Ponzi Scheme Lands Him 6+ Years in Prison"

1 min read
Source: East Idaho News
"California Man's $8.7 Million Cow Manure Ponzi Scheme Lands Him 6+ Years in Prison"
Photo: East Idaho News
TL;DR Summary

Ray Brewer, a man from California, has been sentenced to over six years in prison for running a Ponzi scheme where he claimed to convert cow manure into green energy. Brewer stole over $8.7 million from investors by convincing them to invest in anaerobic digesters that would create methane from biodegradable material on dairies in California and Idaho. He provided forged lease agreements, fake photos, and altered bank agreements to deceive investors. Brewer used the stolen money to purchase properties and vehicles. He assumed a new identity and relocated to Montana before being arrested.

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