Posted by docmirror on January 11, 2019 at 14:58:36 from (107.213.165.255):
In Reply to: Solindra 525 million posted by rrman61 on January 11, 2019 at 09:13:01:
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I seriously doubt any of it went to China. On the day the loan was written(and guaranteed by the feds), the CEO of Solyndra was granted 10 million unrestricted shares of stock in the company. Within 35 days of the grant, all those shares were negotiated on the open stock market, thus vaporizing the trail of the loan money.
More than likely, the grant stock was sold just prior to the liquidation filing. Then, the SEC failed to reverse the sale of the large amount of stock, and also failed to claw back the proceeds. The money more than likely went to fund the campaigns of the people who approved, and supported the original loan guarantee. You know the names and party. While maybe 15-20% was retained by Gronet as a bonus for facilitating the laundering of the cash
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