“With Solyndra, Ivanpah, Abound, Fisker, A123, etc. many think the trick was to obfuscate obscene profits by artificially raising the costs of production, by “paying themselves” through shell companies— to imply it’s more than the total revenue, then bankrupting those companies with further costs as they funnel the money back to their main accounts. This avoids pesky things like taxes, and further increases profits by shorting stocks and other neat accounting wizardry. Think: the Harry Potter movies; on paper they lost money, but we all know they’ve made billions.”
Could this be the scheme behind Kleiner Perkin’s Cleantech scam that cost American taxpayers nearly a trillion dollars in losses?
