From Green Energy to Prison: The Manure Scam That Stinks

1 min read
Source: Yahoo Finance
TL;DR

Ray Brewer, a man from Porterville, California, has been sentenced to six years and nine months in federal prison for running a multimillion-dollar fraud scheme. Brewer deceived investors by claiming he could convert cow manure into green energy and took in millions of dollars through forged bank agreements, contracts, and fake photos. He promised investors a share of profits and tax incentives from building anaerobic digesters at dairy farms in California. Instead, Brewer transferred the funds to his own accounts and used the money to buy properties and vehicles. Some investors received refunds, but these came from new investors unknowingly contributing to the Ponzi scheme. Brewer changed his name and moved to Montana before being arrested.

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