National Alternative Fuels Foundation's $3.6m earmark trouble
Orr was found guilty this week of defrauding investors and the U.S. government over a fancy new alternative fuel additive that used "vapor phase combustion." What, did no one notice that this had the word "vapor" in the name? According to the Denver Business Journal, the indictment against Orr says that he bilked $559,200 from 43 investors and then got at least $2m from the EPA. To get the monies, Orr allegedly "submitted false documents, including phony scientific test results." Orr's sentencing hearing is coming up. Just something to think about if you're the money-ready investor type.
[Source: Talking Points Memo, Denver Business Journal]
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