What a, uh, surprise. The solar company touted by Obama as a wonderful example of “green tech” that recently went under and took $535 million worth of taxpayer money with it has been raided by the FBI:
FBI agents armed with search warrants descended Thursday morning on bankrupt solar company Solynrda.
The investigation comes after a request by the Department of Energy’s inspector general, FBI spokesman Peter Lee told NBC Bay Area News.
Agents arrived at Solyndra at 7a.m. and were examining the factory. Solynrda has a skeleton crew of 100 workers on the scene, who are closing the factory down.
“It’s been an interesting [two weeks]” says Solyndra spokesperson Dave Miller, referring to both the bankruptcy and the FBI raid. “I don’t know what they’re looking for… but I haven’t seen them take anything.”
Solyndra filed for bankruptcy last week, shocking both workers and the Obama administration, which had given the startup $535 million in low interest loans.
Coincidentally, Solyndra execs had a cozy relationship with the White House:
According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.
George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he “did not participate in any discussions with the U.S. government regarding the loan.”
But the countless meetings at the White House seem hardly coincidental. Kaiser, in fact, is responsible for 16 of the 20 meetings that showed up on the White House logs.
As TheDC previously reported, Solyndra officials, including Kaiser himself, donated hundreds of thousands of dollars to Barack Obama.
Solyndra was part of Obama’s first terrific jobs plan. He’s announcing another tonight, and I’m sure the money will be spent as wisely and ethically as it was on the first one.
The Solyndra trail shouldn’t be difficult for the FBI to track — just “follow the money.” I’m pretty sure I know where that will lead if anybody dares go that far.
House Republicans smelled a rat back in July.
Related trivia: Two anagrams of Solyndra are “dry loans” and “nary sold.”
Update: From Verum Serum, here’s a video that was on the White House blog praising the Solyndra “success story.” If “success” is defined by “taxpayers fleeced, Obama re-election campaign enriched,” then yes, a success it was: