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Full Header: ICYMI: America's Biggest Green Energy Con Artist Once Honored By Clinton Foundation Gets 2.5 Years In Prison In honor of Earth Day tomorrow, let's look at a company that was once honored by the Clinton Global Initiative for its dedication to stopping global warming before it was discovered the leaders of the business were actually fleecing investors for more than $54 million in an elaborate Ponzi scheme. More recently earlier this month, one of the chief architects of this scam was sentenced 2.5 years in prison, five years parole, and must repay every dollar stolen from gullible financial...

Of the $54 million believed to have been invested in Mantria, $17 million was returned to early investors to perpetuate the Ponzi scheme and make later investors believe huge profits could be had. By the time the Securities Exchange Commission shut down Mantria in 2009, just $790,000 remained from the other $37 million. In addition to the sheer size of the scam, the reach that Wragg and Knorr achieved in a few short years out of college remains hard to fathom. Former President Bill Clinton personally honored their now disgraced work in a ceremony for the Clinton Global Initiative in...

Executives of a Pennsylvania green energy company singled out for praise by Bill Clinton were arrested on fraud charges on Thursday in connection with an alleged Ponzi scheme. The individuals are facing charges of wire fraud, securities fraud, and conspiracy over their roles in running a green energy company that authorities say was an elaborate $54 million Ponzi scheme, the Associated Press reported. Prosecutors said the trio lied to investors that their “biochar” technology and “carbon-negative” housing in Tennessee made millions, but they had almost no earnings and used the money to repay earlier investors and for themselves. The scam...