Solyndra raided
It seems that the FBI is interested in Solyndra and raided it this morning.
From the San Jose
Mercury News:
FBI agents executing search warrant at Solyndra
Just days after the company filed for bankruptcy protection, federal agents swarmed around the Solyndra facilities in Fremont to execute a search warrant.
FBI agents were joined by officials from the Department of Energy's Office of the Inspector General in the early morning operation.
Officials would say little about the search, which seemed to center on the Solyndra buildings on Page Avenue off Interstate 880.
"Everything is under seal," said Julianne Sohn, a spokeswoman for the FBI.
Agents began executing their search about 7:30 a.m., Sohn said. More agents arrived in SUVs at 8:40 a.m.
The action by federal agents comes a week after the solar manufacturer abruptly closed, laying off about 1,000 workers, and two days after the company filed for bankruptcy protection.
Solyndra spokesman Dave Miller said the search came as a surprise, but he emphasized the company is "fully cooperating" with federal officials. He said he did not know the purpose of the search, but he speculated it could have something to do with the $535 million in loan guarantees the Department of Energy awarded to Solyndra.
Emphasis mine -- no shit.
More from Washington DC
The Daily Caller:
Solyndra officials made numerous trips to the White House, logs show
Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned.
According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.
Crony capitalism writ large.
Posted by DaveH at September 8, 2011 10:43 AM