Activist and author blogs about politics, energy and Earth's resources.
Great big green scam took investors for millions
Two guys peddled the idea of making money with renewable energy and biochar but ultimately ended up just taking their investors for millions.
Fri, Aug 05, 2011 at 04:54 PM
Photo credit: BEST Energies
5280, aka The Denver Magazine, has a great long form piece about a multi-million dollar ponzi scheme
run by a couple of guys selling the dream of clean energy. The main perpetrator of the scheme, Wayde McKelvy, sold investors on the idea that his company was going to rake in big bucks by developing the country's first CO2-negative community and by converting garbage into biochar
. In all he fleeced investors out of $35 million dollars.
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