Tag

Cow Manure

All articles tagged with #cow manure

"Man Convicted in $9M Cow Manure Ponzi Scheme"
crime2 years ago

"Man Convicted in $9M Cow Manure Ponzi Scheme"

Raymond Brewer, a California man, has been sentenced to over six years in prison for running a $8.75 million Ponzi scheme centered around a nonexistent factory that was supposed to convert cow manure into green energy. Brewer falsely claimed to be an engineer running a company that built anaerobic digestion plants, promising investors significant profits and tax incentives. However, he never began construction on any digester and instead used the money to purchase personal assets. Brewer was sentenced to prison and ordered to pay restitution to the victims.

Valley man sentenced to prison for $9M cow manure Ponzi scheme
crime2 years ago

Valley man sentenced to prison for $9M cow manure Ponzi scheme

Ray Brewer, a 66-year-old man from the Valley, has been sentenced to almost seven years in prison for a multi-million dollar Ponzi scheme involving cow manure. Brewer stole nearly $9 million from investors by telling them he could turn cow manure into green energy. He promised investors 66% of net profits and tax incentives, but instead deposited the money into multiple bank accounts under different names. Brewer is expected to spend six years and nine months in prison.