FBI Said to Be Probing Solyndra for Possible Account Fraud

[The Northerner]

Source: Bloomberg

The FBI is investigating Solyndra LLC for possible accounting fraud and the accuracy of financial representations made to the government, according to an agency official.

The FBI is examining possible misrepresentations in financial statements, according to the FBI official, who requested anonymity because the investigation is continuing.

Solyndra, which made cylindrical-shaped solar panels, filed for bankruptcy protection on Sept. 6 and fired about 1,100 workers with little notice, about two years after winning a $535 million U.S. loan guarantee from the Energy Department.

The company’s offices in Fremont, California, were raided by Federal Bureau of Investigation agents on Sept. 8. The Justice Department hasn’t said why Solyndra is being probed.

Read more: http://www.bloomberg.com/news/2011-09-29/fbi-said-to-be-probing-solyndra-for-possible-accounting-fraud.html

[No Elephants]

1. Who in the Bush and Obama Administrations recommended proceeding with the loan guarantee and why?

And will that person or persons be held accountable? ''

While this is only a fraction of what we spend on the military (isn't EVERYthing?), one thing does not render the other acceptable to me. I don't have to ignore either one to believe that someone should be held accountable for a half a billion of our money.