Lasted edited by Andrew Munsey, updated on June 14, 2016 at 9:00 pm.
Free Energy Blog posts from Sunday, December 22, 2013
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We took another hit yesterday on yet another of the more mainstream clean energy technologies we've featured in the past.
There's an article in Saturday's Deseret News titled: Are Utahn's solar projects just pie in the sky? Claims raise questions in Millard County, elsewhere, with summary:
: A Utah company has been touting its "revolutionary" solar technology for years. But its projects in four states have yet to generate any significant power. Millard County officials are particularly frustrated.
The article mentions one of our stories on the second of five pages.
We've featured IAUS in our Top 100, and I've traveled to visit their facility to see it. I wasn't impressed. The fresnel lenses were broken and strewn all over. Randy Johnson told me that they had fixed the vibration/gasket problem in a newer design so this has been resolved, so I held back from publishing a negative report of my visit. I've posted video and photos.
This story is not dissimilar to the Green Power Inc story, in which someone who is touting a revolutionary clean energy solution that could provide energy at a much more affordable price, has been using questional business practices, which look like they may sink the company.
Apparently, the Deseret News has not taken the publishing of this story lightly. The author contacted me for comment on October 25, nearly two months ago.
-- SilverThunder 23:39, 22 December 2013 (UTC)
This latest story by the Tri-Citiy Herald about the waste-to-energy company, Green Power, Inc., gives a sordid history of what the state prosecution calls "Ponzi-like scheme against the new investors". Here's an excerpt:
: Kennewick, Wash. — A Kennewick man accused of wire fraud, aggravated identity theft and money laundering continued a "pattern of deceit" even though he knew he was facing a federal indictment, prosecutors said.
: Green Power CEO Michael Spitzauer's request for bail was denied Friday. Magistrate Judge James P. Hutton agreed with prosecution arguments that he presents a flight risk.
: Spitzauer's Seattle attorney, Christopher Black, said in court documents that "there is nothing untoward about Mr. Spitzauer's attempts to repay investors."
: Black argued that Spitzauer is not a flight risk because his wife, Melissa, and four children, ages 10 to 17, live in Kennewick and no one in the family has a valid passport. Spitzauer has not traveled abroad since 1996, he said. His wife and children are U.S. citizens.
: Spitzauer's lifestyle contradicts his claims of having only $661 in cash, prosecutors allege. In early 2013, he made an offer to purchase a $2.5 million Kennewick home, although he did not end up buying it. His sons have expensive toys, including a Hummer, new gaming systems and more than 100 pairs of athletic shoes.
An abbreviated form of this story also appeared at KHQ.com.
I met with one of Spitzauer's victim investors (several million) at TeslaTech in Albuquerque two years ago. He was very upset at how Spitzauer had treated him. Being generous, at that point, I posted the following statement at the opening of our feature page at PESWiki:
: Cautionary Notice: Given the history of this company, we strongly recommend extreme caution in dealing with this company. "I don't think we'll see anything ever come from this company. Spitzauer is too flaky to pull it off." -- Sterling D. Allan, October 8, 2012
I had put up that cautionary notice because it seemed to me that Spitzauer had been using our previously positive coverage as one of his calling cards to court new players.
When Spitzauer contacted me about 1.5 months ago, saying that several plants were now in operation, I figured he must have worked through his problems, both in the technology and the angry investors, but apparently his statement to me about operational plants was not true as well. I was waiting for evidence of this claim before giving him coverage. Now it looks like he'll be ending up behind bars for many years.
From what I know at this point, it seems to me that what we had in Mike Spitzauer was a very flakey person with a great objective who used shadey business methods to pass money between players to try and keep the anxiety down. Over the years, we have given him positive coverage, but we have also covered the negative things that have arisen as well, even though he was a major sponsor of PES. You can see this by reviewing our "
There was an error working with the wiki: Code" section on the GPI feature page. The "History" tab at the top of the page will give you a way to chronologically review what the page looked like over time.
-- SilverThunder 15:54, 22 December 2013 (UTC)
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